If an employer chooses a per diem method of substantiation for travel expenses, a.The high-low method averages the high-cost locality and low-cost locality per diem rates to arrive at an average rate. b.The Regular Federal Rate method allows employees the same per diem rate no matter where they travel in the United States. c.The meals and incidental expenses method requires actual cost records to substantiate lodging expenses. d.Actual expense records substantiating the business reason for the trip and the dates of arrival and departure are not required. e.The employer need not use an accountable plan for reimbursing employees for travel expenses.
If an employer chooses a per diem method of substantiation for travel expenses, a.The high-low method averages the high-cost locality and low-cost locality per diem rates to arrive at an average rate. b.The Regular Federal Rate method allows employees the same per diem rate no matter where they travel in the United States. c.The meals and incidental expenses method requires actual cost records to substantiate lodging expenses. d.Actual expense records substantiating the business reason for the trip and the dates of arrival and departure are not required. e.The employer need not use an accountable plan for reimbursing employees for travel expenses.
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 13DQ
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If an employer chooses a per diem method of substantiation for travel expenses,
a.The high-low method averages the high-cost locality and low-cost locality per diem rates to arrive at an average rate.
b.The Regular Federal Rate method allows employees the same per diem rate no matter where they travel in the United States.
c.The meals and incidental expenses method requires actual cost records to substantiate lodging expenses.
d.Actual expense records substantiating the business reason for the trip and the dates of arrival and departure are not required.
e.The employer need not use an accountable plan for reimbursing employees for travel expenses.
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