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Falcon, Inc., paid salaries of $ 7 3 1 , 2 0 0 to its employees during its first year of operations. At the end

Falcon, Inc., paid salaries of $731,200 to its employees during its first year of operations. At the end of the year, Falcon had additional
unpaid salaries of $73,120.
a. Calculate the salary deduction if Falcon is a cash basis taxpayer.
$
b. Calculate the salary deduction if Falcon is an accrual basis taxpayer.
$
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