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2 Homework Surved Required Information [The following Information applies to the questions displayed below North Incorporated is a calendar year C corporation, accrual-basis taxpayer. At the end of year 1, North accrued and deducted the following bonuses for certain employees for financial accounting purposes. . $8,300 for Lisa Tanaka, a 25 percent shareholder. . $13,700 for Jared Zabaski, a 30 percent shareholder. $18.400 for Helen Talanlan, a 25 percent shareholder $5,800 for Steve Nielson, a 0 percent shareholder. . Unless stated otherwise, assume these shareholders are unrelated How much of the accrued bonuses can North Incorporated deduct in year 1 under the following alternative scenarios? (Leave no answer blank. Enter zero If applicable. Input all amounts as positive volues.) a. North paid the bonuses to the employees on March 1 of year 2 Deductible censed bonuses Year 1 nes ! Required Information {The following information applies to the questions displayed below) Yost received 300 NGOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $19 per share) At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $19 per share Yost exercised all of his options when the share price was $38 per share. Two years after acquiring the shares, he sold them at $59 per share (Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.) d. Assume that yost's options were exercisable at $24 and expired after five years. If the stock only reached $22 during its high point during the five-year period, what are Yost's tax consequences on the grant date the exercise date and the date the shares are sold assuming his ordinary marginal rate is 35 percent and his long-term capital gains rate is 15 percent? Income Amount Taxes Due Grant date Exercise date Sale date ce