Homework Answers
Answer- Florence's compensation is deductible by Hazel Corporation $1,075,000
| Particulars | Amount |
| Deductible limit as per IRS Sec 162(m) | $1,000,000 |
| Add:Non taxable fringe benefits | $75,000 |
| Total Florence's compensation is deductible by Hazel Corporation | $1,075,000 |
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