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

joe7230
Level 1

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,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

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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?


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joe7230
Level 1

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.

"*******Tax software is no substitute for a professional tax preparer*******
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Just-Lisa-Now-
Level 15
Level 15

Gross is what you're actually paying.


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