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Problem 12-24 (LO 12-1) (Algo) [The following information applies to the questions displayed below.] Jorgensen High Tech Incorporated is a calendar-year, accrual-method taxpayer. At
Problem 12-24 (LO 12-1) (Algo) [The following information applies to the questions displayed below.] Jorgensen High Tech Incorporated is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgensen accrued and deducted the following bonuses for certain employees for financial accounting purposes. . $45,200 for Ken. $33,900 for Jayne. . $22,600 for Jill. $11,300 for Justin. How much of the accrued bonuses can Jorgensen deduct in year 1 under the following alternative scenarios? (Leave no answer blank. Enter zero if applicable.) Problem 12-24 Part a (Algo) a. Jorgensen paid the bonuses to the employees on March 1 of year 2. Deductible accrued bonuses Year 5 Check my work
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