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Business, 05.05.2020 18:39 crimhill

Jorgensen High Tech Inc. is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgensen accrued and deducted the following bonuses for certain employees for financial accounting purposes:

$40,000 for Ken.

30,000 for Jayne.

20,000 for Jill.

10,000 for Justin.

How much of the accrued bonuses can Jorgensen deduct in year 1 under the following alternative scenario:

Jorgensen paid the bonuses to employees on March 1 of year 2, and there is a requirement that the employee remain employed with Jorgensen on the payment date to receive the bonus

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Jorgensen High Tech Inc. is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgense...
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