Question
The table below presents the compensation for Vera, who was hired as the Chief Technology Officer (CTO) of Beta Corporation, a privately-owned company in the
The table below presents the compensation for Vera, who was hired as the Chief Technology Officer (CTO) of Beta Corporation, a privately-owned company in the telecommunications sector, effective February 1, 2022. Determine the deductible portion of Vera's compensation on Beta Corporation's 2023 corporate income tax return.
Component | Amount ($) |
---|---|
Base Salary | 900,000 |
Performance Bonus | 120,000 |
Restricted Stock | 7,500 |
Vera's employment contract specifies that her bonus is tied to achieving specific technology innovation milestones. The restricted stock vests over a three-year period, with 33.33% vesting annually beginning on the grant date.
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