Alfred's Enterprises, an Unincorporated Entity, Pays Employee Salaries of $100,000

question 51

Essay

Alfred's Enterprises, an unincorporated entity, pays employee salaries of $100,000 during the year.At the end of the year, $12,000 of additional salaries have been earned but not paid until the beginning of the next year.
a.Determine the amount of the deduction for salaries if Alfred is a cash method taxpayer.
b.Determine the amount of the deduction for salaries if Alfred is an accrual method taxpayer.

---

Definitions:

Affective Outcomes

Emotional responses or feelings resulting from certain experiences or interactions within an organizational setting.

Off-Site Training Program

Training conducted away from the actual work environment, providing employees with learning opportunities in a different setting.

Police Recruits

Individuals in the initial stages of becoming police officers, undergoing training and evaluation.

Computerized Database

A digital collection of data organized for efficient retrieval, management, and storage of information on computers.