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For what amount will the corporation be denied a deduction

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Reference no: EM132673226

Problem - Robin, an executive, receives a golden parachute payment of $600,000 from his employer. His average annual compensation for the five most recent tax years is $150,000.

Required -

a. For what amount will the corporation be denied a deduction?

b. What is Robin's excise tax?

Reference no: EM132673226

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