Kweisi incurs the following employment-related expenses during the year: Airfare ...... $2,000 Lodging ..... 1,500 Meals ......
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Kweisi incurs the following employment-related expenses during the year:
Airfare ...... $2,000
Lodging ..... 1,500
Meals ...... 1,200
Entertainment ... 800
Incidentals ..... 500
His employer maintains an accountable reimbursement plan and reimburses him $4,500 for his expenses. He also has $1,600 of other allowable miscellaneous expenses. What is his allowable deduction if
a. His adjusted gross income is $52,000?
b. Assume the same facts as in part a, except that Kweisi’s employer has a non-accountable reimbursement plan and Kweisi receives $4,500 from the plan to pay for his business expenses.
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Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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