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E. Petitioner’s Employee Compensation
In 1999, petitioner paid its employees the following
salaries (exclusive of bonuses), bonuses, and total compensation
(inclusive of bonuses):
Name Salary Bonus Total Compensation
Beiner $600,000.00 $487,000 $1,087,000.00
Caldwell 45,759.92 12,500 58,259.92
Shows 38,133.28 12,500 50,633.28
Gonzalez 37,440.08 5,000 42,440.08
Andrade 29,466.64 2,000 31,466.64
Loftus 24,266.64 2,000 26,266.64
Total 775,066.56 521,000 1,296,066.56
Petitioner deducted the $1,087,000 paid to Beiner as officer
compensation. Petitioner deducted the $209,067 paid to the other
employees as salaries and wages paid to nonofficers.
In 2000, petitioner paid its employees the following
salaries (exclusive of bonuses), bonuses, and total compensation
(inclusive of bonuses):
Name Salary Bonus Total Compensation
Beiner $600,000.00 $750,000 $1,350,000.00
Caldwell 53,806.72 17,500 71,306.72
Shows 44,433.32 15,000 59,433.32
Gonzalez 44,086.68 7,500 51,586.68
Andrade 34,366.60 3,000 37,366.60
Loftus 29,160.00 2,500 31,660.00
Total 805,853.32 795,500 1,601,353.32
Petitioner deducted the $1,350,000 paid to Beiner as officer
compensation. Petitioner deducted the $251,353 paid to the other
employees as salaries and wages paid to nonofficers.
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