Required information Required information

$[$The following information applies to the questions displayed below.$]$

North Incorporated is a calendar$-$year C corporation, accrual$-$basis taxpayer. At the end of year $1,$ North accrued and

deducted the following bonuses for certain employees for financial accounting purposes.

$$8,850$ for Lisa Tanaka, a $35$ percent shareholder.

$$10,400$ for Jared Zabaski, a $30$ percent shareholder.

$$16,100$ for Helen Talanian, a $15$ percent shareholder.

$$8,300$ for Steve Nielson, a $5$ percent shareholder.

Unless stated otherwise, assume these shareholders are unrelated.

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

Note: Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.

b$.$ North paid the bonuses to the employees on April $1$ of year $2.$

Deductible accrued bonuses Year $1[$The following information applies to the questions displayed below.$]$

North Incorporated is a calendar$-$year C corporation, accrual$-$basis taxpayer. At the end of year $1,$ North accrued and

deducted the following bonuses for certain employees for financial accounting purposes.

$$8,850$ for Lisa Tanaka, a $35$ percent shareholder.

$$10,400$ for Jared Zabaski, a $30$ percent shareholder.

$$16,100$ for Helen Talanian, a $15$ percent shareholder.

$$8,300$ for Steve Nielson, a $5$ percent shareholder.

Unless stated otherwise, assume these shareholders are unrelated.

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

Note: Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.

c$.$ North paid the bonuses to employees on March $1$ of year $2$ and Lisa and Jared are related to each other, so they are treated as

owning each other's stock in North.

Deductible accrued bonuses Year $1$ Required information

$[$The following information applies to the questions displayed below.$]$

North Incorporated is a calendar$-$year C corporation, accrual$-$basis taxpayer. At the end of year $1,$ North accrued and

deducted the following bonuses for certain employees for financial accounting purposes.

$$8,850$ for Lisa Tanaka, a $35$ percent shareholder.

$$10,400$ for Jared Zabaski, a $30$ percent shareholder.

$$16,100$ for Helen Talanian, a $15$ percent shareholder.

$$8,300$ for Steve Nielson, a $5$ percent shareholder.

Unless stated otherwise, assume these shareholders are unrelated.

How much of the accrued bonuses can North Incorporated deduct in year $1$ 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 $1$ of year $2$ and Lisa and Helen are related to each other, so they are treated as

owning each other's stock in North.

$[$The following information applies to the questions displayed below.$]$

North Incorporated is a calendar$-$year C corporation, accrual$-$basis taxpayer. At the end of year $1,$ North accrued and

deducted the following bonuses for certain employees for financial accounting purposes.

$$8,850$ for Lisa Tanaka, a $35$ percent shareholder.

$$10,400$ for Jared Zabaski, a $30$ percent shareholder.

$$16,100$ for Helen Talanian, a $15$ percent shareholder.

$$8,300$ for Steve Nielson, a $5$ percent shareholder.

Unless stated otherwise, assume these shareholders are unrelated.

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

Note: Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.

a$.$ North paid the bonuses to the employees on March $1$ of year $2.$

Deductible accrued bonuses Year $1$

b$.$ North paid the bonuses to the employees on April $1$ of year $2.$

c$.$ North paid the bonuses to employees on March $1$ of year $2$ and Lisa and Jared are related to each other, so they are treated as owning each other's stock in North.

d$.$ North paid the bonuses to employees on March $1$ of year $2$ and Lisa and Helen are related to each other, so they are treated as owning each other's stock in North.

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