Question: On Dec. 3 1 , 2 0 2 4 , Red Corp., a calendar - year, accrual basis taxpayer, accrued a bonus of $ 3

On Dec. 31,2024, Red Corp., a calendar-year, accrual basis taxpayer, accrued a bonus of $30,491 for one of its employees, Ross, for their performance in 2024. The bonus was paid on January 15,2025. Ross is a 75% shareholder of Red Corp.
What amount of the bonus can Red Corp. deduct in 2024?
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On Dec. 3 1 , 2 0 2 4 , Red Corp., a calendar -

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