On which date is the fair value amount used to calculate the company's compensation expense for this executive?

Which of the following factors does the IRS consider irrelevant when determining reasonable compensation for a shareholder-employee of an S corporation?    Timing and manner of paying bonuses to key people.  Dividend history.  Consistent amount of compensation year after year.  Compensation agreements.

1. It refers to all remuneration for services performed by an employee for his employer under an employee-employer relationship unless exempted by the NIRC and pertinent laws.   Salary Gross compensation Net compensation Any of the above   2.Statement 1: To compute the taxable compensation, compensations which are exempted from income taxation must be excluded from the gross compensation. Statement 2: The gross compensation technically includes taxable and non-taxable compensation.   Both statements are true Both statements are false Only statement 1 is true Only statement 2 is true   3. Statement 1: The mandatory contributions such as the SSS, Philhealth, Pag-ibig may be reduced or removed by agreement of the employer and employee. Statement 2: In case employee agrees to increase his mandatory contributions to more than what the law requires, the excess contribution over the amount required by law shall still form part of the…

An employee who receives restricted stock as compensation from a corporate employer must include the stock's fair market value in gross income in the year of receipt, even though the employee's ownership rights in the stock are nonvested. True or False True False

2. Please give two examples of withholdings from employees' pay and explain whether your selected withholdings are considered required or voluntary.

Who are the "accelerated filers," and how are they chosen (based on revenue or number of employees, for example)?

What are the issues involved in determining if signing a bonus is an asset or an expense?