Which of the following statements with regard to accountable plans is not true? -Reimbursements of...
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Accounting
Which of the following statements with regard to accountable plans is not true?
-Reimbursements of employee business expenses under an accountable plan have no impact on the employees adjusted gross income.
-Reimbursements of employee business expenses under an accountable plan always increase the employees adjusted gross income.
-Employee business expenses that are not reimbursed by the employer are not deductible.
-Employee business expenses that are reimbursed but not under an accountable plan are not deductible
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