What is the ceo 2022 taxable compensation income

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Reference no: EM133335579

Assignment:

Tiger Inc.'s compensation package for its CEO in 2022 consisted of a $750,000 salary plus $125,000 unfunded deferred compensation. The CEO will receive the $125,000 upon retirement in 2024.

  • What is Tiger Inc.'s 2022 tax deduction for CEO compensation?
  • What is the CEO's 2022 taxable compensation income?
  • How much taxable income will the CEO recognize in 2024?

2. Stephen, 40 and single, wants to contribute to a Roth IRA. His AGI is $132,000. How much can he contribute to a Roth IRA and how much can he contribute to a traditional IRA?

3.Blake earned a $123,000 salary in 2022. She elected to contribute the $20,500 maximum to her employer's 401(k) plan. How much of Blake's salary is taxable?

Reference no: EM133335579

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