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Falcon, Inc., paid salaries of $582,400 to its employees during its first year of operations. At the end of the year, Falcon had additional unpaid

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Falcon, Inc., paid salaries of $582,400 to its employees during its first year of operations. At the end of the year, Falcon had additional unpaid salaries of $58,240. a. Calculate the salary deduction if Falcon is a cash basis taxpayer. 582,400 b. Calculate the salary deduction if Falcon is an accrual basis taxpayer. 640,640 $

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