In 2016, Peter Carlson incurs the following qualified employee expenses, which he submits to his...
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Accounting
In 2016, Peter Carlson incurs the following qualified employee expenses, which he submits to his employer for reimbursement under an adequate accounting reimbursement plan.
Travel expenses $2,400
Meal and entertainment expenses (100 percent of cost) 1,200
Total expenses $3,600
How would these employee expenses and reimbursement be treated on Peters individual tax return if he receives the following reimbursement from his employer?
a. $3,000
b. $3,600
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