How a Company has a deferred compensation plan? Explain the company's compensation in detail. What pays $0 for 2 years and then $2,100 in Year 3. For Year 4 onward, pays $700 annually. Tax allows deduction for amount actually paid. GAAP accrues salary expense in Years 1 and 2.

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A deferred compensation plan is a type of employee benefit plan where a portion of an employees comp... View the full answer