When a publicly traded CEO's salary exceeds $1,000,000, the employee ________ taxed on the entire amount, and the employer ________ allowed a deduction on the entire amount.

Name: When a publicly traded CEO's salary exceeds $1,000,000, the employee ________ taxed on the entire amount, and the employer ________ allowed a deduction on the entire amount.
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Section 162(m) limits the deduction for compensation paid by a publicly traded company to a covered employee to $1,000,000 per year.

When a Publicly Traded CEO's Salary Exceeds $1,000,000, the Employee