Question: Consistent with IRS revenue code 162(m), companies were able to deduct non-performance-based compensation for a single executive to the extent that it does not exceed

Consistent with IRS revenue code 162(m), companies were able to deduct non-performance-based compensation for a single executive to the extent that it does not exceed $1 million. Under the new Tax Cuts and Jobs Act, this limit has been

Multiple Choice

a. increased to $10 million.
b. increased to $5 million.
c. decreased to $500,000.
d. eliminated.

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