Q: I have an S-Corporation. How much do you recommend I pay myself as an employee?

by | Jul 27, 2022 | Business, Q&A |

A: Answering this question requires a complex analysis of several factors, and, due to IRS requirements that the salary should be “reasonable”, this question should generally be answered by a qualified CPA. However, one fact to keep in mind is that the MAXIMUM amount that an individual can contribute to Social Security in tax year 2022 is $147,000.00.