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

Respuesta :

Only the CEO, CFO, three other highest paid executives, and everything covered employees from years past are subject to the restriction.

What is the best definition of employee?

The employee is an individual who receives pay in exchange for doing labor for the next person or company. Employees really aren't made to work full-time in order to be eligible as workers; they simply have to be compensated by an employers for their labor.

What is the role of an employee?

As exchange for pay and occasionally benefits, an employee provides labor to a company. The type of agreement that each group of people with a company determines the legal distinction between them as workers and independent contractors.

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