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Jean's employer has an accountable plan for reimbursing employee expenses. Jean is reimbursed for $1,500 of business travel and $500 for various business subscriptions and professional dues. The $2,000 reimbursement should be treated as follows:

a. No taxable income should be reported to Jean

b. $2,000 of income to Jean should be reported

c. Income to Jean and a corresponding miscellaneous deduction for Jean, subject to the 2 percent of AGI floor

d. $500 of income should be reported to Jean

Accounting Basics, Accounting

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