Which statement is true with respect to golden parachute payments?
A)It refers to excess severance pay.
B)It does not include payments from a qualified profit sharing plan.
C)A deduction is denied to the employer.
D)A 20% excise tax is imposed on the recipient.
E)All of these are true.

Question

Quizplus · Accepted Answer

- Golden parachute payments refer to excess severance pay.
- These payments do not include payments from a qualified profit sharing plan.
- A deduction is denied to the employer for these payments.
- A 20% excise tax is imposed on the recipient.

Which Statement Is True with Respect to Golden Parachute Payments