Should the amount in Salaries and Wages Paid box be the salary before taxes are taken out or the after? EX: Paid 100K full salary/comp. Tax = 20K. Do I enter 100K or 80K?
041572
1 Best answer
ToddL
New Member
Jun 7, 2019 4:04:41 PM
"Salaries & Wages" would be the gross amount paid, in this case $100,000.
4 Replies
ToddL
New Member
Jun 7, 2019 4:04:41 PM
"Salaries & Wages" would be the gross amount paid, in this case $100,000.
stwax
New Member
Jun 7, 2019 4:04:43 PM
Perfect. Thank you.
ToddL
New Member
Jun 7, 2019 4:04:46 PM
You are welcome.
info42
Returning Member
Jun 7, 2019 4:04:47 PM
So is the net amount entered or the total cost paid for an employee