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June 14, 2005 at 08:00 PM
| Without |
Bonus |
With |
Bonus |
||||
| Profit before owner’s compensation |
500,000 |
500,000 |
|||||
| Owner’s regular compensation |
200,000 |
200,000 |
|||||
| Owner’s bonus |
0 |
50,000 |
|||||
| Total owner’s compensation |
200,000 |
(200,000) |
250,000 |
(250,000) |
|||
| Profit reportable on owner’s individual tax return |
300,000 |
250,000 |
|||||
| Plus Owner’s compensation |
200,000 |
250,000 |
|||||
| Taxable income on owner’s individual tax return |
500,000 |
500,000 |
|||||
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