If an employee has the chance of receiving cash in lieu of lodging when traveling for legitamatebusiness reasons, the amount is still deductible but at a reduced %TrueFalse

Lodging refers to the facility that is provided for accommodation as well as some other basic…

Answered: If an employee has the chance of…

If an employee has the chance of receiving cash in lieu of lodging w business reasons, the amount is still deductible but at a reduced % True

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If an employee has the chance of receiving cash in lieu of lodging when traveling for legitamate
business reasons, the amount is still deductible but at a reduced %
True
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