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The $1 million limitation on the deduction of executive compensation acolles to compensation paid to a publicly traded corpor

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Answer #1

Answer : False

as

As per section 162(m) of the IRS, the amount paid to CEO, Chief Financial officer and other three highly paid officer will be included for the calculation of the compensation limit of $1 million so it does not speaks of that board of directors will be included specifically so our answer here is false as the statement says to include the compensation of principal financial officer, principal executive officer and board of directors.

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