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1 pts D Question 20 Santamaria Company requires its employees to adequately account for all...

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Accounting

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1 pts D Question 20 Santamaria Company requires its employees to adequately account for all reimbursed business expenses. Sarah, an account executive, submits for reimbursement the following valid business expenses: Transportation $500 Meals 700 Lodging 800 Total $2,000 What are the tax consequences if Santamaria reimburses Sarah the $2,000? None of the reimbursement is included in her gross income, and she is allowed no deductions for the expenses. All of the reimbursement is included in her gross income, and she is allowed to deduct the $2.000 paid for the expenses. All of the reimbursement is included in her gross income, and she is allowed no deductions for the expenses None of the answer choices are correct

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