If a salary deduction on a sole propietors Schedule C is determined to be excessive...
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Accounting
If a salary deduction on a sole propietors Schedule C is determined to be excessive ,the which of the following happens?
A deduction is still permissible for the reasonable portion of the salary The deduction for the entire salary will be 100% disallowed The employee who recieved the compensation may file an amended return based on the reasonable compensation The employer will recieve a refund of payroll taxes remitted on the disallowed portion of the salary
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