During 2019, Mrs. Everglades paid her employee, Mr. Mangrove, a salary of $120,000 this year....

50.1K

Verified Solution

Question

Accounting

During 2019, Mrs. Everglades paid her employee, Mr. Mangrove, a salary of $120,000 this year. In addition, she had to pay state unemployment tax of $35, federal unemployment tax of $120, and employer payroll taxes on Mr. Mangroves salary. Mr. Mangrove is single. In total, what amount is deductible as a business expense on Mrs. Everglade's income tax return

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students