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Quartize Adhesives Incorporated, is an S Corp with two shareholders, Keaton and Lucy. Which is a valid option for vehicle expenses? A. If the company
Quartize Adhesives Incorporated, is an S Corp with two shareholders, Keaton and Lucy. Which is a valid option for vehicle expenses?
A. If the company owns the vehicle, it may claim the standard mileage rate if substantiation requirements are met.
B. Keaton owns a vehicle, if the company has an accountable plan, Keaton may request reimbursement for his mileage at the standard mileage rate.
C. Keaton owns the vehicle. If the company has an accountable plan, Keaton may use the company's credit cardfor all his vehicle expenses.
D. If the company has an accountable plan, Keaton may request reimbursement for the mileage he drove using Lucy's vehicle.
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