Chet is an officer of the Branson Corporation, a publicly traded corporation. His salary for the year

Question:

Chet is an officer of the Branson a publicly traded His salary for the year is $1,320,000, which is the sixth-highest salary at Branson. What amount can the deduct as salary expense? How would your answer change if Chet’s salary is the third-highest at Branson?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...