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MrHazel,the Principal Executive Officer of a Publicly Held Corporation,received $2

Question 17

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Mr.Hazel,the principal executive officer of a publicly held corporation,received $2.5 million compensation this year.The compensation consisted of an $800,000 salary and a $1.7 million bonus because Mr.Hazel met a performance goal established by outside members of the board of directors.The corporation is allowed to deduct the entire amount of Mr.Hazel's compensation.

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