Compensation expense for the year

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Kane is accrual basis tax payer. He pays $6/month to each of 800 employees for compensation insurance plan. DURING THE YEAR KANE PAYS $52,500 IN WORKER COMP BENEFITS. HOW MUCH A KANE DEDUCT as workers' compensation expense for the year?

Reference no: EM13767548

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Compensation expense for the year : Kane is accrual basis tax payer. He pays $6/month to each of 800 employees for compensation insurance plan. DURING THE YEAR KANE PAYS $52,500 IN WORKER COMP BENEFITS. HOW MUCH A KANE DEDUCT as workers' compensation expense for the year?

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