Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. david is the ceo for mid atlantic computer associa

DAVID IS THE CEO FOR MID ATLANTIC COMPUTER ASSOCIATES. AS PART OF HIS COMPENSATION AGREEMENT,...

80.2K

Verified Solution

Question

Finance

DAVID IS THE CEO FOR MID ATLANTIC COMPUTER ASSOCIATES. AS PART OF HIS COMPENSATION AGREEMENT, HE NEGOTIATES GOLDEN PARACHUTE PACKAGE THAT PAYS HIM 3.5 MILLION IN THE EVENT THE COMPANY IS ACQUIRED OR HE IS TERMINATED. MID ATLANTIC WAS TAKEN OVER BY BRILLIANT MICRO COMPANY, AND DAVID WAS TERMINATED AND PAID 3.5 MILLION. HIS BASE AMT OF COMPENSATION IS $1 MILLION. WHAT IS TAX CONSEQUENCES TO DAVID

TAXABLE INCOME OF 2.5 MILLION AND EXCISE TAX OF 200,000

TAXABLE INCOME OF 2.5 MILLION AND EXCISE TAX OF 500,000

TAXABLE INCOME OF 3.5 MILLION AND EXCISE TAX IF 500,000

TAXABLE INCOME OF 3.5 MILLION AND EXCISE TAX OF 700,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Subtract/Multiply/Divide using Significant figures 1. (16.75 - 6.2) x (9.56 x 10-19) ------------------------------------------ (6.753.2) x (8.5679 x 1011) This is...

Biology
1.2K views

Which sentence below correctly punctuates the quote A For you they call refers to the...

Physics
1.2K views

28 In the figure shown three slits S1 S2 and s3 are illuminated with light...

Physics
1.2K views

If the charge on a capacitor is increased by 2 C the energy stored in...

Physics
1.2K views

If the pressure amplitude of a sound wave is increased by a factor of 4...

Physics
1.2K views

A convex surface of radius of curvature 40 cm separates tw 4 medium of refractive...

Basic Math
1.2K views

A 20m x 20m grid is set out over a T shaped section Levels are...

Algebra
1.2K views

Find the inverse of f x x f x Provide your answer below

Algebra
1.2K views

ng answer if correct answer is given i will leave a thumbs up Thank you...

Algebra
1.2K views

Solve 3 9 2 2 0 1 01 8 for x no solution

Algebra
1.2K views

The factored form of 16y6 2 28y4z 20y z is 8y 13 z 6 2...

Accounting
1.2K views

You would use all of the following...