Meals & Entertainment
How many alcoholic drinks are reimbursable during a business meal?
What is 1 drink per attendee.
A drink with a meal is fine, just be reasonable and maintain professionalism.
This type of receipt is required when submitting a meal expense.
What is an itemized receipt
All meal expenses must be supported by an itemized receipt. This is an IRS requirement.
True or False: First-class or business class airfare is always reimbursable.
False - seat upgrades are not reimbursable.
In cases where a selected seat is the only available option, you must provide proof of that. Take a screenshot showing the seat availability.
True or False: Tips given during meals are reimbursable.
What is TRUE, up to 20%.
What is the maximum number of days allowed to submit an expense?
What is 60 days
Scenario: You used your personal car for business travel. What can you claim?
Mileage reimbursement at the approved rate
During normal business hours which is 8-5, mileage should be calculated between the office and the business destination (airport). Off-peak hours can be calculated from your home or hotel.
What is the max amount you can spend on a meal per person - per meal?
What is $50
Talking point: we recognize that meal costs can vary based on both the time and day and the city you’re in.
What kind of receipt will get rejected?
What is an incomplete receipt
Talking point: A complete receipt includes the date, location, amount, proof of payment, itemization of what was purchased, attendees, business purpose.
When can you request a per diem?
DAILY DOUBLE - How much is the per diem.
When visiting to HQ.
DAILY DOUBLE - $100
What is the IRS requirement that must be met for meal expenses?
What is a business related meal?
True or False: Receipts are required for all expenses.
FALSE - meals under $25 do not require a receipt. All other purchases require a receipt.
Of these 4 options below, what 2 charges are reimbursable when traveling?
a. TSA/CLEAR/Global Entry
b. Lounge Access
c. WiFi
d. Garage Parking
C & D are the correct answers.