Which of the following is not true regarding the deductibility of compensation? O Reasonable salaries are generally deductible under I.R.C. 162. O The requirement that salary be "reasonable" to be deductible does not apply to closely held corporations. O The determination of the reasonal eness of a salary depends on the facts and circumstances of the case. O Different courts use different standards or "tests" to evaluate the reasonableness of salaries. M

Which of the following is not true regarding the deductibility of compensation? Reasonable salaries are generally deductible under I.R.C. $162. The requirement that salary be "reasonable" to be deductible does not apply to closely heid corporations. The determination of the reasonableness of a salary depends on the facts and circumstances of the case. Different courts use different standards or "tests" to evaluate the reasonableness of salaries