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Falcon, Inc., paid salaries of $500,000 to its employees during its first year of operations. At the end of the year, Falcon had additional unpaid
Falcon, Inc., paid salaries of $500,000 to its employees during its first year of operations. At the end of the year, Falcon had additional unpaid salaries of $45,000. a. Calculate the salary deduction if Falcon is a cash basis taxpayer. $fill in the blank 24a8de007fe1079_1 b. Calculate the salary deduction if Falcon is an accrual basis taxpayer. $fill in the blank 7350f5f9a014049_1
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