With respect to an employer\'s reimbursement of employee business expenses, all

Question

With respect to an employer's reimbursement of employee business expenses, all of the following are requirements of an accountable plan, except the:
a. expenses incurred by the employee must have a business purpose.
b. reimbursement of meal and entertainment expenses is limited to 50% of the amount incurred.
c.employee must provide accounting to the employer within a reasonable period of time.
d.employee must return any excess reimbursement or allowance to the employer within a reasonable operiod of time.

please do not guess

Explanation / Answer

The answer is B reimbursement of meal and entertainment expenses is limited to 50% of the amount incurred. Accountable Plan A plan in which all three employee of the employer who manages the plan; (2) you must adequately account to the of the following rules are satisfied: (1) your expenses (such as for travel, transportation, meals, and entertainment) must have been paid or incurred while performing services as an employer for these expenses; and (3) you must return any excess reimbursement or allowance. When an employer reimburses you, the reimbursement will not be considered income on you

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