Charades Corporation Is a Publicly Held Company Listed on the New

question 39

Multiple Choice

Charades Corporation is a publicly held company listed on the New York Stock Exchange.During the current year,its chief executive officer,Samantha Chen,receives the following compensation from the corporation: salary,$1,500,000; commissions based on sales generated by Samantha,$200,000; payments to a qualified pension plan,$30,000; and tax-free fringe benefits,$20,000.What is the total amount taxable to Samantha?

• A)$1,000,000
• B)$1,200,000
• C)$1,500,000
• D)$1,700,000

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