The tax laws limit a C corporations deduction for compensation paid to the CEO to:

Question 14 options:

	$500,000.
	$1,000,000.
	$1,500,000.
	$2,000,000.
	There is no deduction limit for compensation paid to a corporations CEO.

Question 15 (4 points)

Which of the following increases a corporations earnings and profits (E&P)?

Question 15 options:

	Charitable contributions carried over to other tax years.
	Tax-exempt interest income.
	Distributions to shareholders.
	All of the above increase E&P.
	None of the above increases E&P.

Question 16 (4 points)

A corporation has organizational costs totaling $45,000 in 2017. The corporation begins operations on March 1, 2017. The maximum amount of organizational costs that the corporation can deduct on its 2017 tax return is:

Question 16 options:

	$3,000.
	$2,500.
	$7,667.
	$7,222.
	None of the above.