Which Statement Is True with Respect to Golden Parachute Payments

question 47

Multiple Choice

Which statement is true with respect to golden parachute payments?

• A)Refers to excess severance pay.
• B)Does not include payments from a qualified profit sharing plan.
• C)A deduction is denied to the employer.
• D)A 20% excise tax is imposed on the recipient.
• E)All of these are true.

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