When is it efficient for the employer to reimburse the employee for business meals and entertainment expenditures?

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When is it efficient for the employer to reimburse the employee for business meals and entertainment expenditures? How does the 2% limitation on miscellaneous itemized deductions affect the decision? What nontax factors might influence the decision?

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Taxes And Business Strategy A Planning Approach

ISBN: 9780132752671

5th Edition

Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon

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Question Posted: Aug 06, 2015 02:30 AM

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When is it efficient for the employer to reimburse the employee for business meals and entertainment expenditures?

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Reimbursement causes the employee to lose 50 of the reimbursed amount as atax deduction This has aco...View the full answer

Taxes And Business Strategy A Planning Approach

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