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Which Statement Is Not True with Respect to Golden Parachute

Question 55

Multiple Choice

Which statement is not true with respect to golden parachute payments?


A) Refers to excess severance pay.
B) Does include payments from a qualified profit sharing plan.
C) A deduction is denied to the employer.
D) A 20% excise tax is imposed on the recipient.
E) All of the above are true.

Correct Answer:

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