Wutang takes a regular salary from the business and an annual bonus depending on OTE's financial results
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Question:
Wutang takes a regular salary from the business and an annual bonus depending on OTE's financial results and the cash available. His salary was $325,000 in 2020 and $300,000 in 2019. Any other cash withdrawals in the year are treated as dividends. FCI normally pays the top executives of its subsidiaries $150,000 per year.
How does it will calculate to the EBITDA? and why?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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