Match the Statements That Relate to Each Other

question 31

Short Answer

Match the statements that relate to each other. (Note: Choice L may be used more than once.)
a.Cover charge paid to entertain client at a night club.
b.Deductible even if taxpayer does not take the new job
c.Company picnic sponsored by employer
d.Use of Federal per diem allowance to substantiate meals while in travel status
e.Does not have to be job related
f.Can include cost of car insurance and automobile club dues
g.Distribution from plan is taxable
h.Distribution from plan is not taxable
i.Expatriate (U.S. person who is employed overseas) returns home to retire
j.Taxpayer moves to a new residence 55 miles closer to his present job
k.Country club membership fee
l.Correct match not provided
-Cutback adjustment applies

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Definitions:

Perpetual Filings

Continuous or ongoing filing requirements for entities such as corporations, often related to regulatory compliance.

Employee Stock Plans

Programs established by a company to provide its employees with an opportunity to acquire shares of the company, often at a discounted price.

S-8

A registration form used by publicly-traded companies to register securities allocated for employee stock option and purchase plans.

Forms

Documents designed for recording, transmitting, or processing information according to specified requirements.