Question

Question 55 of 75. The Tax Code requires substan all of the fol purpose/business relationshi O Expenses are clearly ordinary and necessary O The employer provides an advance to the employee. O The standard meal rate is used for travel meals and travel mea O The owing--the amount of the expense, the time, place, or description, and business XCEPTwhen: Is are the only expense Form 2108 reimbursement is from a nonaccountable plan, and the employee deducts the expenses on Mark for follow up « Back Save / Return Later Summary Next

Answer 1

answer:- option 'C' is correct

The standard meal rate used for travel meals and travel meals are the only expense is not correct

because in this case the expense is pre-determined, whether the actual expense is above or below the standard rate but only the standard rate is allowed by the company. and the shotage if any borne by the employee