An S corporation is on the accrual basis and the sole shareholder is on the cash basis.
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An S corporation is on the accrual basis and the sole shareholder is on the cash basis. For the pay period ending December 27, 2019, the shareholder earns a salary of $400. He is paid on January 3, 2020. What is the amount allowable as a deduction for 2019?
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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