Mr. Z was recently promoted to an executive position by his corporate employer. The corporation now requires

Question:

Mr. Z was recently promoted to an executive position by his corporate employer. The now requires him to entertain clients much more frequently, and Mr. Z expects to incur at least $1,000 out-of-pocket business entertainment expenses each month. The will either reimburse him directly for these expenses or give him a salary bonus at year-end that indirectly covers his annual expenses. Which option should Mr. Z choose and why?
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...