Multiple Choice
James, an executive, receives a $600,000 payment under a golden parachute agreement. James's base amount from Silver, Inc., is $140,000. What is the total tax James must pay, assuming a 39.6% individual tax rate?
A) $0
B) $92,000
C) $210,000
D) $329,600
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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