Problem: All the following employees are considered highly compensated employees in the following year EXCEPT:
A. Cathy Carr, a 2 percent owner who earns $125,000
B. Bill James, a 10 percent owner
C. Jane Johnson, who earns $75,000 and is the second highest paid employee in a 25-person law firm
D. Jason Smathers, an officer earning $130,000 whose compensation is in the top 20 percent of all employees