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Reimbursed Employee Business Expenses (LO. 7) Alvin is an employee of York Company. During 2020, he incurs the following employment-related expenses: Travel $4,000 Meals 3,500
Reimbursed Employee Business Expenses (LO. 7) Alvin is an employee of York Company. During 2020, he incurs the following employment-related expenses: Travel $4,000 Meals 3,500 Lodging 2,500 a. Complete the statements below outlining how Alvin is to treat his employment-related expenses if York Company has an accountable employee business expense reimbursement plan. If an amount is zero, enter "0". 1. Alvin is reimbursed $9,000. The $9,000 is included in gross income and Alvin is allowed a deduction for adjusted gross income. 2. Alvin is reimbursed $10,000. gross income is reported and deductions are not taken. 3. Alvin is reimbursed $11,000. gross income is reported and deductions are not taken
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