Question: Robin, an executive, receives a golden parachute payment of $680,200 from his employer. His average annual compensation for the five most recent tax years is

Robin, an executive, receives a golden parachute payment of $680,200 from his employer. His average annual compensation for the five most recent tax years is $170,050.

For what amount will the corporation be denied a deduction?
What is Robin's excise tax triggered by the payment?

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