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  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...

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Accounting

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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

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