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Updated about 4 years ago,
S-Corp - Should I pay wife separate salary if we file jointly?
My business is an S-Corp. My wife recently quit her job and joined my business full-time. We are married filing jointly. Currently my payroll is set up where we each receive a (very modest) salary. Are we over-complicating this? Both salaries are direct-deposited into the same bank account. Is there an argument for just setting one salary?