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North Incorporated is a calendaryear C corporation, accrualbasis taxpayer. At the end of year North accrued and deducted the following bonuses for certain employees for financial accounting purposes.
$ for Lisa Tanaka, a percent shareholder.
$ for Jared Zabaski, a percent shareholder.
$ for Helen Talanian, a percent shareholder.
$ for Steve Nielson, a percent shareholder.
Unless stated otherwise, assume these shareholders are unrelated.
How much of the accrued bonuses can North Incorporated deduct in year under the following alternative scenarios?
Note: Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.
d North paid the bonuses to employees on March of year and Lisa and Helen are related to each other, so they are treated as owning each other's stock in North.
Deductible accrued bonuses Year
