Ok. Thank you for your help. Basically:
Employee:
Gross Wages $1,000
IRA contribution $200
Health Insurance $50
Business
Earnings expense $1,000
Employer IRA match $130
W3 box 1 says it's $800
I get the liability side of it until it's paid/deposited, but what kind of GL account is the employee contribution account if not an expense (asset, liability, etc.)? My total earnings expense is $1,000 not $800, where is the difference recorded in the tax return? could it be either line 17 or 18 of the 1120S form? thanks again
