Expenses that reduce dpgr, Accounting Basics

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Expenses that reduce dpgr

Grams, Inc, a calendar year S corporation, reports $20,000 DPGR and $15,000 of wages, and S corporation's QPAI is $5,000. Janet has a 40% interest in the S corporation. All expenses that reduce DPGR are from wages, and all wages paid relate to DPGR. How much QPAI and wages are allocated to Janet?

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Accounting Basics: Expenses that reduce dpgr

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Grams, Inc, a calendar year S corporation, reports $20,000 DPGR and $15,000 of wages, and S corporation's QPAI is $5,000. Janet has a 40% interest in the S corporation. All expenses that reduce DPGR are from wages, and all wages paid relate to DPG

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