If an Employee Incurs Business-Related Entertainment Expenses That Are Fully

question 151

True/False

If an employee incurs business-related entertainment expenses that are fully reimbursed,it is the employer who is subject to the 50% limitation.

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Definitions:

Childcare

The care and supervision of a child or children, typically provided by someone other than the child's legal guardians.

Net Pay

The amount of money a worker takes home after deductions.

Withholding Tax

Federal, state, and local income taxes that are withheld by employers, who then send the money to the government.

Social Security

A government program that provides financial assistance to retirees, disabled individuals, and survivors of deceased workers.