qbteachmt
Level 15
08-21-2021
12:24 PM
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Let me try this one more time: The ERC is credit for the compensation considered to be Wages, because of changes in operations affecting staff compensation, per Cares Act. The FICA Tip Credit is a Business Credit against the Employer payroll tax expense computed on specific wages, and that also removes the tax amount as a deduction (to avoid double dipping).
Apples and oranges.
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Don't yell at us; we're volunteers