11-11 Employee-Owner. Which of the three organizational formsS corporation, C cor- Problem Materials 11-5 ing manner? a. poration, or partnership-treats owners who work for the business in the follow- The owner's compensation is a deductible business expense. The owner's compensation is subject to FICA withholding. The employee benefits are deductible expenses. d. The employee benefits are excluded from the owner-employee's gross income. b. C. 12 Schedule K-1. Why must each sharehold 11-11 Employee-Owner. Which of the three organizational formsS corporation, C cor- Problem Materials 11-5 ing manner? a. poration, or partnership-treats owners who work for the business in the follow- The owner's compensation is a deductible business expense. The owner's compensation is subject to FICA withholding. The employee benefits are deductible expenses. d. The employee benefits are excluded from the owner-employee's gross income. b. C. 12 Schedule K-1. Why must each sharehold