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.
Q: I have an S-Corporation. How much do you recommend I pay myself as an employee?
by Rose Law Firm of Napa Valley, Inc. | Jul 27, 2022 | Business, Q&A |
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