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How much of Wanda compensation is deductible

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Reference no: EM132468450

Question - Wanda is the Chief Executive Officer of Pink Corporation, a publicly traded, calendar year corporation. For the current year, Wanda's compensation package consists of: Cash compensation $2.5 million, Nontaxable fringe benefits 250,000, Taxable fringe benefits 150,000, Bonus tied to company performance 2 million. How much of Wanda's compensation is deductible by Pink Corporation?

a. $1,000,000.

b. $1,250,000.

c. $3,250, 000.

d. $4,900,000.

e. None of the above.

Reference no: EM132468450

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