According the Internal Revenue Code,this person was a five percent owner at any time during the year or the preceding year; or,for the preceding year,the employee had compensation in excess of $120,000 in 2017 and was in the top-paid group of employees.(Highly Compensated Employees)

Question

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This person meets the definition of a Highly Compensated Employee, as they had compensation in excess of $120,000 and were in the top-paid group of employees.

According the Internal Revenue Code,this Person Was a Five Percent