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    Federal Taxation
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    Exam 17: Corporations: Introduction and Operating Rules
  5. Question
    The $1 Million Limitation on the Deduction of Executive Compensation
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The $1 Million Limitation on the Deduction of Executive Compensation

Question 97

Question 97

True/False

The $1 million limitation on the deduction of executive compensation applies to compensation paid to a publicly traded corporation's principal executive officer, principal financial officer, and board of directors.

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