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USCPA精选习题26：Regulation
关于坚持，坚持是所有事情成功的必要条件，没有失败只有坚持不下去，每次想放弃的时候告诉自己没准就差倒计时一点坚持，奇迹真的会发生。正保会计网校为大家整理了USCPA：Regulation习题，希望大家利用好这些内容，能够在有限的时间内提高自己成绩。
Easel Co. has elected to reimburse employees for business expenses under a nonaccountable plan. Easel does not require employees to provide proof of expenses and allows employees to keep any amount not spent. Under the plan, Mel, an Easel employee for a full year, gets $400 per month for business automobile expenses. At the end of the year Mel informs Easel that the only business expense incurred was for business mileage of 12,000 at a rate of 30 cents per mile, the IRS standard mileage rate at the time. Mel encloses a check for $1,200 to refund the overpayment to Easel. What amount should be reported in Mel's gross income for the year?
A.$3,600
B.$1,200
C.$4,800
D.$0
【正确答案】B
Choice "c" is correct. Under a non-accountable plan, $4,800 ($400 per month x 12 months) must be reported as part of Mel's gross income for the year (in fact, the $4,800 will be included as part of Mel's taxable wages on Mel's W-2).
Rule: Under a non-accountable plan (i.e., expenses are not reported to the employer), any amounts received by an employee from the employer must be reported by the employer as part of wages on the employee's W-2 for the year (and subject to income tax withholding requirements). The gross amount received is reported as income.
Rule: Any expenses taken against the gross amount received in a non-accountable plan (e.g., the car mileage expenses and the reimbursement to the company) are considered miscellaneous itemized deductions and are subject to the 2% AGI limitation.
Note: The examiners have attempted to trick the candidate into thinking that this is in some way an accountable plan because they provided for a return of excess funds received to the employer. However, remember that the question specifically states that the plan is non-accountable.
Choices "d", "b", and "a" are incorrect, per the above rules.
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