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Dude, all employee compensation is deductible. Payroll is many businesses' main expense. The company doesn't pay tax on those dollars, but then the employee d
by octoberfranklin 6y ago
Dude, all employee compensation is deductible.
Payroll is many businesses' main expense.
The company doesn't pay tax on those dollars, but then the employee does.
- thaumasiotes 6y ago> The company doesn't pay tax on those dollars, but then the employee does. US payroll taxes are notionally assessed half on the company and half on the employee.
- srtjstjsj 6y agoOnly up to about $10k/person max payroll tax.
- octoberfranklin 6y agoThat's payroll tax, not income tax.