Which of the following statements is true regarding the $1,000,000 limit on covered employees for publicly traded companies?
A)The limitation applies to all employees.
B)The limitation applies to all officers.
C)The limitation applies only to the CEO and three other highest compensated officers.
D)The limitation applies only to the CEO,CFO,and three other highest compensated officers and all covered employees from previous years.

Question

Quizplus · Accepted Answer

The $1,000,000 limit on covered employees applies to the CEO, CFO, and the three other highest compensated officers, as well as any individuals who were covered employees in previous years, due to changes made by the Tax Cuts and Jobs Act.

Which of the Following Statements Is True Regarding the $1,000,000