How much of the payments is tax deductible for pink

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Problem 1: Pink Inc, a publicly-traded, calendar-year, C-Corporation paid the following amounts in the current tax year. Determine how much of the below payments is tax deductible for Pink?

                                                                     CEO                   CFO
Cash compensation                          $850,000        $620,000
Nontaxable fringe benefits                80,000             50,000
Taxable fringe benefits                     150,000         90,000
Bonus tied to company performance 470,000            360,000

Reference no: EM132819691

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