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Jorgensen High Tech Inc. is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgensen...

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Accounting

Jorgensen High Tech Inc. is a calendar-year, accrual-methodtaxpayer. At the end of year 1, Jorgensen accrued and deducted thefollowing bonuses for certain employees for financial accountingpurposes.

$60,400 for Ken.

$45,300 for Jayne.

$30,200 for Jill.

$15,100 for Justin.

How much of the accrued bonuses can Jorgensen deduct in year 1under the following alternative scenarios?

b. Jorgensen paid the bonuses to the employeeson April 1 of year 2.

c. Jorgensen paid the bonuses to employees onMarch 1 of year 2, and there is a requirement that the employeemust remain employed with Jorgensen on the payment date to receivethe bonus.
d. Jorgensen paid the bonuses to employees onMarch 1 of year 2, and there is a requirement that the employeemust remain employed with Jorgensen on the payment date to receivethe bonus; if not, the forfeited bonus is reallocated to the otheremployees.

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