abctax55
Level 15
12-06-2019
04:48 PM
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Yes, the $ 50K is the salary. The deferred amount ($18) is a payroll liability, until it is paid. This is NO different than FIT/SIT etc withheld from an employee's paycheck.
I would have thought that all of this would have already been booked on the trial balance; otherwise you'd have a tough time balancing the return.
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