SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 23CE
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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
$164,850.
a. For what amount will the
corporation be denied a
deduction?
b. What is Robin's excise tax
triggered by the payment?
Transcribed Image Text: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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