Question

Anthony was sent away by his employer on a temporary assignment. He was given a per diem allowance. Under an accountable plan, Anthony must generally return any amount not spent within 30 days. What is the requirement for Anthony to return any amount not spent within 30 days?

1) He must provide receipts for all expenses.
2) He must submit a written report of his expenses.
3) He must return any amount not spent within 30 days.
4) He must keep a record of all expenses.

Answer 1

Under an accountable plan, Anthony must generally provide receipts for all expenses.

Step-by-step explanation:

Under an accountable plan, the requirement for Anthony to return any amount not spent within 30 days is that he must generally provide receipts for all expenses. An accountable plan is a reimbursement arrangement where an employer reimburses employees for work-related expenses.