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When you calculate salaries and wages expense for a corporate tax return, are the salaries and wages on a gross basis or net basis? How is it calculated?


ANSWER


The BIDaWIZ Team's Answer:

The expense deduction is based on gross payroll; not net. The total expense equals

the gross payroll amount; plus, the corresponding payroll taxes that accrue therefrom.

The BIDaWIZ Team

 

 

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