Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an accountable plan allows the s corporation to: d

An accountable plan allows the S corporation to: Deduct the amount of the health insurance...

90.2K

Verified Solution

Question

Accounting

image
An accountable plan allows the S corporation to: Deduct the amount of the health insurance paid for on behalf of the employees or shareholders. Reimburse shareholders and other employees for expenses paid by the employee on behalf of the corporation. Make payments on behalf of the shareholders or employees to their gasoline credit card accounts for personal mileage expenses and then deduct them as ordinary and necessary expenses. Make payments on behalf of the shareholders or employees to their utility companies for the full amount of the utility bill and then deduct them as ordinary and necessary expenses

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Question 2: A bipartite graph with 2n vertices (namely |V1| = |V2| = n) is d-regular...

Advance Math
Q

1a) If you have three genes H, M, and T located on three different chromosomes and...

Biology
Q

Thermodynamics and Statistical Mechanics problem: (a) Derive the Maxwell speed distributions in one and two dimensions. (b) What is...

Physics
Q

What is the main advantages of utilizing a single multivariate analysis over multiple bivariate analyses?

Psychology
Q

Equal antiparallel currents are directed in two parallel wires so that one is out of...

Physics
Q

Applications Extensions bring complete 5 Below are two rectangular prisms with a volume Create a...

Geometry
Q

rvals Ques Construct the confidence inte c 0 95 x 5 9 G 0 7

Statistics
Q

A jar contains 8 red marbles, numbered 1 to 8, and 11 blue marbles numbered...

Statistics
Q

During the month of May, direct labor cost totaled $9,240 and direct labor cost was...

Accounting
Q

You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing...

Accounting
Q

Account for the lack of success of a new product with reference to the following...

Accounting
Q

Question 28 Jack Black is the policy owner and life insured of a 20-year...

Finance