Latrisha is an employee of the Cooper Company and incurs significant employment-related expenses. During the year, she

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Latrisha is an employee of the Cooper Company and incurs significant employment-related expenses. During the year, she incurred the following expenses in connection with her job:
Travel: Airfare ....................................... $ 5,850
Lodging .................................................... 1,800
Meals ........................................................ 1,200
Entertainment of customers ................. 2,400
Total ....................................................  $11,250

a. Determine the amount of deductible expenses if the tax year were alternatively 2017 and 2018 for both Latrisha and the Cooper Company and, for Latrisha, whether they are deductible for AGI or from AGL Assume Cooper Company maintains an accountable plan for employee expense reimbursements and the reimbursements are alternatively:
1. $11,250
2. $7,875
3. $14,000

b. What would be the result in Part a for each of the three situations if the plan was a nonaccountable plan?

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Federal Taxation 2019 Individuals

ISBN: 9780134739670

32nd Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson

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