The face does the work
Early in the twentieth century, Soviet filmmaker Lev Kuleshov demonstrated that audiences read the same neutral face differently depending on what it was cut against. Comedy editors use this constantly. A blank expression after a disaster reads as stoic; the same expression after a compliment reads as suspicious.
That is why the reaction shot is so often where the laugh lives. The British version of The Office (2001) built much of its comedy on a single wordless glance to camera, letting the viewer share the discomfort. The joke happens on screen, but the laugh is released in the cut to someone who noticed.
Editor Walter Murch, in his book In the Blink of an Eye, argues that emotion should usually come first when choosing a cut. In comedy, the emotion you are protecting is anticipation. Cut too early and you rob the audience of it.

