kingbird company, a calendar year business, employs 76 employees. On december 1, 2023, it decided...
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kingbird company, a calendar year business, employs 76 employees. On december 1, 2023, it decided that it will pay bonuses to all its employees. Each employee will receive their 1900 bonus on febuary 14,2024. One of the owners who owns 65% of the company will receive his bonus of 36000 on february 14 2024 as well. How much can kingbird company deduct for the bonuses on their 2023 tax return
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