employee business expenses, Accounting Assignment Homework Help
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As part of his contract at his new job, Jim is provided a company car and gas
card to go back and forth to work. He sometimes uses the car for out-of-town
travel approximately once a month. Jim also uses the car and the gas card for
his family vacations, dinner, etc.
Explain the applicable tax law regarding
employee compensation and the criteria for deducting expenses Make at least two
recommendations for ways that Jim can ensure that he is compliant with the tax
law.
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