Sentences with phrase «deductible salary expense»

Not exact matches

Isn't a turnover tax on companies the same as with VAT or income tax on an employee's salaries, for which very limited expenses are tax deductible?

However because you are an employee you are subject to the 2 % AGI floor so you can deduct $ 1200 - $ 1500 (75000 *.02 (salary * 2 % floor)-RRB- = -300 so in order to deduct the first dollar you need an additional $ 300 worth of deductible expenses.

Business Overhead will reimburse your business for deductible overhead expenses that occur even while you are disabled such as employee salaries, insurance premiums, lease payments and utilities.