Question

Falcon, inc., paid salaries of $500,000 to its employees during its first year of operations. at the end of the year, falcon had additional unpaid salaries of $45,000.

a. calculate the salary deduction if falcon is a cash basis taxpayer. $
b. calculate the salary deduction if falcon is an accrual basis taxpayer.

Answer 1

a i would say cause its affordable and esay to do