Which of the following people is considered highly compensated for 2019? a) Donna, a 4% owner...
Which of the following people is considered highly compensated for 2019?
a) Donna, a 4% owner who earns $45,000 per year
b) Robin, a 1% owner who earns $80,000 per year
c) Helen, who earned $195,000 last year and is the 40th highest paid employee of 100 employees
d) Casey, a 20% owner who earns $24,000 per year
Homework Answers
Answer : d) Casey, a 20% owner who earns $24,000 per year is considered as highly compensated
Explanation :
The person who is greter than 5% owner or who earnings greater than $125000 in year 2019 is considered as highly compensated
So in the given problem Casey is greater thann 5% owner so he is considered as highy compensated person
So answewr is d) Casey, a 20% owner who earns $24,000 per year
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