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Robin, an executive, receives a golden parachute payment of $659,400 from his employer. His average annual compensation for the five most recent tax years is
Robin, an executive, receives a golden parachute payment of $659,400 from his employer. His average annual compensation for the five most recent tax years is $164,850.
a. For what amount will the corporation be denied a deduction? b. What is Robin's excise tax triggered by the payment?
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