Exercise $6-27($Algorithmic$)($LO$.2)$

Falcon, Inc., paid salaries of $$592,000$ to its employees during its first year of operations. At the end of the year, Falcon had additional unpaid salaries of $$59,200.$

Question Content Area

a$.$ Calculate the salary deduction if Falcon is a cash basis taxpayer.

$fill in the blank $09$a$960$ffc$006053\_1$

Question Content Area

b$.$ Calculate the salary deduction if Falcon is an accrual basis taxpayer.

$fill in the blank $28$eeedf$6$a$02$ffd$4\_1$v