Which of the following statements is correct regarding compensation expense for employers in publicly traded corporations? a. Companies are only allowed to pay compensation of $1 million each to the top four executives.
b. The tax deductible compensation is limited to $2 million for the CEO and $1 million for the next four most highly paid employees.
c. Most performance-based compensation contracts in effect on November 2, 2017 are excluded from the limit.
d. Deductible compensation expense must be considered reasonable under the facts and circumstances of the employment.

What are six resources for you decide which type of business to start and how to start it?

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?