Atlantic Corporation provides a cafeteria for its employees. The meal charges are set at a sufficiently high

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Atlantic provides a cafeteria for its employees. The meal charges are set at a sufficiently high level that the employees are not taxed on the subsidized eating facilities. Are Atlantic's cafeteria-related costs subject to the 50% disallowance for business meals?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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In a non accountable plan reimbursements are included in the employees gross income and ...View the full answer

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