Ruth and Jeff own an unincorporated hardware store.They determine their salaries at the end of the year by using the amount required to reduce the net income of the hardware store to $0.Based on this policy,Ruth and Jeff each receive a total salary of $175,000.This is paid as follows: $10,000 per month and $55,000 on December 31.Determine the amount of the salary deduction.

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The Answer of Ruth and Jeff own an unincorporated hardware store.They determine their salaries at the end of the year by using the amount required to reduce the net income of the hardware store to $0.Based on this policy,Ruth and Jeff each receive a total salary of $175,000.This is paid as follows: $10,000 per month and $55,000 on December 31.Determine the amount of the salary deduction.

Ruth and Jeff Own an Unincorporated Hardware Store