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which is deductible on a business return gross wages paid to employees or federal txble wages?

joe7230
Level 2

On final tax report two categories appear:gross wages and Federal Txble Wages.  I believe I can deduct the Gross wages but please verify.

 

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5 Comments 5
abctax55
Level 15

Hi there,

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HumanKind... Be Both
Just-Lisa-Now-
Level 15
Level 15

Im not sure what a "final tax report" is or where that comes from.   Do you have the W3/W2s?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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joe7230
Level 2

The final tax report is from ADP.  On it appears Gross Wages paid and a separate category of Federal

Taxable wages which comes from the W-3.  The Gross Wages payable is the larger amount.  Which can I use as a business deduction for wages paid?

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abctax55
Level 15

Sounds like there may be a retirement deferral in play.

HumanKind... Be Both
Just-Lisa-Now-
Level 15
Level 15

Gross is what you're actually paying.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪