JillS56
Expert Alumni

Business & farm

On Form the 1120S the lines that apply to the officer/owners and what are employee lines.

 

Line 7 is for officer/owner compensation;

Line 8 is for employee wages;

Line 17 is where any pension, 401k, profit sharing expenses are reported

NOTE:   The employees' deduction would not go on this line.   The employees' portion is part of their wages. 

Line 18 are benefits offered to employees

 

The rest of the lines pertain to the business as a whole.