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Emmanuel,an Executive,receives a $600,000 Payment Under a Golden Parachute Agreement

Question 35

Multiple Choice

Emmanuel,an executive,receives a $600,000 payment under a golden parachute agreement.Emmanuel's base amount from Blue Corporation is $140,000.What amount,if any,is deductible by the corporation?


A) $0
B) $140,000
C) $460,000
D) $600,000
E) None of these

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