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S incurs $100 for business meals while traveling for his employer. S is reimbursed in full by the employer pursuant to an accountable plan after an accountable plan after an adequate accounting.The employer can deduct:

a. $100 from AGI

b. $100 for AGI

c. $50 from AGI

d.$50 for AGI

Accounting Basics, Accounting

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  • Reference No.:- M946114

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