Falcon, inc., paid salaries of $500,000 to its employees during its first year of operations. at the end of the year, falcon had additional unpaid salaries of $45,000. a. calculate the salary deduction if falcon is a cash basis taxpayer. $ b. calculate the salary deduction if falcon is an accrual basis taxpayer.

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?