Question

Which of the following statements about 2019 employee business expenses is true?

Group of answer choices

Unreimbursed employee business expenses are deductible as an adjustment ("above the line").

Reimbursed employment-related business expenses have no effect on an employee's taxable income.

Moving expense reimbursements have no effect on an employee's taxable income.

Unreimbursed employee business expenses are deductible as an itemized deduction.

Answer 1

Ans:

All of the above statements are false except option B.

Reimbursed employment-related business expenses have no effect on an employee's taxable income.

Employment related business expenses are those expenses which are incurred out of pocket by employees for office purpose and than reimbursed back to employees by thier employers. These are job related expenses and are not included in taxable income of the employees.

For example : Payment of office stationary by employees and than reimbursed back by employer.