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Which of the Following Statements Is True Regarding the $1,000,000

Question 72

Multiple Choice

Which of the following statements is true regarding the $1,000,000 limit on covered employees for publicly traded companies?


A) The limitation applies to all employees.
B) The limitation applies to all officers.
C) The limitation applies only to the CEO and three other highest compensated officers.
D) The limitation applies only to the CEO, CFO, three other highest compensated officers, and all covered employees from previous years.

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