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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (121466)1/9/2012 12:58:05 PM
From: longnshort2 Recommendations  Respond to of 224707
 
"In S corporations, owners must pay themselves reasonable compensation on which FICA tax is withheld (and unemployment insurance). Any earnings of the S corporation in excess of that amount are taxed as ordinary income not subject to FICA tax and not subject to self-employment tax"