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Level 3
October 24, 2023
Question

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

  • October 24, 2023
  • 2 replies
  • 10 views

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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2 replies

abctax55
Level 15
October 24, 2023

Hi there,

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Just-Lisa-Now-
Intuit Community Champion
October 24, 2023

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

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joe7230Author
Level 3
October 24, 2023

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?

abctax55
Level 15
October 24, 2023

Sounds like there may be a retirement deferral in play.

HumanKind... Be Both