For a president of a publicly held corporation hired in 2019, which of the following is...
For a president of a publicly held corporation hired in 2019, which of the following is not subject to the $1 million limit on executive compensation?
a.Premiums on group term life insurance of $50,000.
b."Contribution to medical insurance plan", "Contribution to pension plan", and "Premiums on group term life insurance of $50,000", are not subject to the limit.
c.Contribution to pension plan.
d.Only "Contribution to pension plan" and "Premiums on group term life insurance of $50,000" are not subject to the limit.
e.Contribution to medical insurance plan.
Homework Answers
Answer is Option b.
For a president of a publicly held corporation Contribution to medical insurance plan, pension plan and group term life insurance are not subject to limit.
thank you.
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