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stwax
New Member

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?

 
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Accepted Solutions
ToddL
New Member

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?

"Salaries & Wages" would be the gross amount paid, in this case $100,000.

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4 Replies
ToddL
New Member

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?

"Salaries & Wages" would be the gross amount paid, in this case $100,000.

stwax
New Member

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?

Perfect. Thank you.
ToddL
New Member

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?

You are welcome.
info42
Returning Member

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?

So is the net amount entered or the total cost paid for an employee
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