Twice a year Rowdy
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Twice a year Rowdy (40% shareholder) and Q (40& shaeholder) travel to various locations across the United States to host ticketed lice recording of Who Up To What? The corporation has a acoountable plan in place to reimbuse them for their travel expenses
In 2022 Rowdy and Q were reimbused a combined total of the following amount
$3000 Transportation
$239 Meals purchased from restaurants
$200 Meals not purchased from restaurants
How much of this reimbursement is taxable compensation to Rowdy and Q?
a $439
b 0
c $3439
d $3220
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