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Amy, a cash-basis taxpayer, received a salary of $100,000 during year 1, year 2, and year 3. Amy also was awarded a bonus of $30,000 that was accrued by Amy's employer, Vargus Corporation (an accrual-basis, calendar year C corporation), in December of year 1 but was not paid until March 31 of year 2. In December of year 2, Vargus accrued an additional $32,000 bonus that was paid to Amy in January of year 3.
a. How much income does Amy recognize in year 1, year 2, and year 3?
b. How much can Vargus Corporation take as a compensation deduction in year 1, year 2, and year 3?
in 2012 micah johnson ssn 000-22-1111 incurs the following unreimbursed employeebusiness expensesairplane and taxi
question 1 an employer provides taxable fringe benefits of 11000 gst inclusive for hisemployees during the relevant
you also have several forms 1099 that report income received by the quandts in 2011nbspnbspnbspnbspnbspnbspinterest
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