Have a Finance Question? Ask a Financial Expert Online.
I don't know what is in the $142,751., but if it is your estimated tax payments, it doesn't belong as an expense; it is not deductible; if you've included payroll taxes in that total and that includes withholding on employees payroll, those disbursements would belong in your salary account; the only way to figure out what to do with the $142,751. is to do an analysis of what has been included in that account. Clearly it is correct and doesn't belong where it is.
Just checking in...............
I see that you have been able to review my response; do you have any further follow-up questions?
If not, please remember to rate my response as that is the only way we receive credit for our work.
Thanks very much,