Senior Corporate Tax

Test your Senior-level Taxation Corporate Tax skills in Specialized Accounting Areas. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

If a corporation makes 'excess parachute payments' to a disqualified individual during a change in control, what is the primary corporate-level tax consequence under Section 280G?

A. The corporation's deduction for the excess payments is disallowed.

B. The corporation must pay an excise tax equal to 20% of the payments.

C. The corporation must recognize gain as if it had sold its assets.

D. There is no corporate-level consequence; only the individual is penalized.

Keyboard Shortcuts

↑↓Navigate options

EnterSelect answer

←→Prev/Next question

SSkip question

1-4Select A-D

EscClear answer

SpaceNext question

BackspacePrevious question