TP is CEO of an AI company whose stock is sold on the NY Stock exchange. He signs an agreement to receive a payment of $5,000,000 should the company be taken over and he ends up being terminated. Within 8 months of signing that agreement, the company is purchased and he is removed from his CEO position. New Corporation, due to the agreement, pays the CEO the $5,000,000. CEO's average compensation over the previous five years was $500,000. How much of the $5,000,000 can New Corporation deduct?

Answer rating: 100% (QA)

a Determine the thencurrent amounts they will pay for silver at the end of each of the next 5 years We are given the following information Initial pur... View the full answer