Nora is the CEO of the publicly traded Micro Tech Corporation. The company paid her a salary of $1,030,000 and made mortgage payments of $30,000 on her behalf. How much is deductible as compensation expense?
A) $- 0 -
B) $ 510,000
C) $1,000,000
D) $1,060,000
E) $1,030,000
Correct Answer:
Verified
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