accountable plan
Definition
Expense plan under which an employee receives a certain sum of money, is required to account for all expenses, and return the remaining sum (if any) to the employer. The employee's taxable income remains unaffected under an accountable plan: neither the sum paid by the company is treated as the employee's income nor the expenses incurred are claimed by the employee as deductibles.
accountable plan is in the Accounting & Auditing, Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.
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