Lisa incurred the following employee business expenses: Meals $2,000 Lodging $4,000
Her employer reimburses her a total of $4,500 for all of these expenses under an accountable plan. Ignoring any ﬂoor based on percent of AGI, what is her deduction for these expenses?

Question

Quizplus · Accepted Answer

$1500/$6000, or 25% of each expense, is not reimbursed, and 50% of the unreimbursed meal expense is not deductible
 ftat means that the following amounts of each expense are deductible:
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Lisa Incurred the Following Employee Business Expenses: Meals $2,000 Lodging