Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Banks Corp., a calendar year corporation, reimburses employees for properly substantiated qualifying business meal expenses.
Banks Corp., a calendar year corporation, reimburses employees for properly substantiated qualifying business meal expenses. The employees are present at the meals, which are neither lavish nor extravagant, and the reimbursement is not treated as wages subject to withholdings. For 2008, what percentage of the meal expense may Banks deduct?
