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What should be the amount of deduction for salary expense

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Jerry Company, a cash basis taxpayer, paid salaries of $125,000 in 2017 and had a salary payable of $20,000 at the end of 2017. The salary of $20,000 owed to employees at the end of 2017 was paid in 2018. What should be the amount of the deduction for salary expense in 2017 and 2018?

Reference no: EM132379111

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