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In 2009, a Medical Doctor Who Incorporated Her Practice Elected

Question 20

True/False

In 2009, a medical doctor who incorporated her practice elected a fiscal year ending September 30th.During the fiscal year ended September 30, 2019, she received a salary of $190,000.During the period from October 1, 2019 to December 31, 2019, the corporation paid the doctor a total salary of $60,000, and paid her $240,000 of salary in the following nine months.The corporation's salary deduction for the fiscal year ending September 30, 2020, is limited to
$240,000.

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