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Required information [The following information applies to the questions displayed below.] Jorgensen High Tech Inc. is a calendar-year, accrual-method taxpayer. At the end of year
Required information [The following information applies to the questions displayed below.] Jorgensen High Tech Inc. 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. $45,600 for Ken. $34,200 for Jayne. $22,800 for Jill. $11,400 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.) b. Jorgensen paid the bonuses to the employees on April 1 of year 2. Deductible accrued bonuses Year 1 $ 114,000 Required information [The following information applies to the questions displayed below.] Jorgensen High Tech Inc. 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. $45,600 for Ken. $34,200 for Jayne. $22,800 for Jill. $11,400 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.) . . c. Jorgensen paid the bonuses to employees on March 1 of year 2, and there is a requirement that the employee must remain employed with Jorgensen on the payment date to receive the bonus. Answer is complete but not entirely correct. Deductible accrued bonuses Year 1 $ 114,000
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