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Is it legal for and employer to deduct from your pay for unreimbursed business expenses incurred using a company credit card?
Wiki User
∙ 11y ago
Yes - if you used the company credit card, you are liable to repay the amount you spent ! The employer can recover that directly from your wages.
Wiki User
∙ 11y ago
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When are expenses incurred?
When you consume a resource, expenses are incurred. Resources can be consumed by using a resource up or over time. You would incur an expense for a product when it sells or when you buy office supplies for your business.
What is revenue expenses report?
It is a listing of all revenue/expenses incurred by the business during a set period. It shows areas of growth and areas that are lagging within the business.
What is the difference between general and administrative expense and overhead expense?
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
How much is monthy gross income?
Your total income before taxes, but minus the business expenses incurred.
What is the difference between miscellaneous expense and other expenses?
Miscellaneous expenses means small sundry expenses of business while other expenses means expenses which are not directly related to the primary operations of business.
How much do hospital expenses affect your tax reuturn?
This would depend on how much unreimbursed medical expense that you incurred and paid during the year
What is preoperative expenses?
Incurred expenses before company formation after commencement of business
What is Preliminary Expenses?
All the expenses which a business incurred from start of business to actual start of operations of revenue generating activity of business is called preliminary expenses.
Can you deduct expenses incurred before formally beginning a business?
Certainly - If one is able to establish that expenses were related to the business
When are expenses incurred?
When you consume a resource, expenses are incurred. Resources can be consumed by using a resource up or over time. You would incur an expense for a product when it sells or when you buy office supplies for your business.
What is revenue expenses report?
It is a listing of all revenue/expenses incurred by the business during a set period. It shows areas of growth and areas that are lagging within the business.
What is the difference between general and administrative expense and overhead expense?
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
Expenses that have been incurred but not recorded in the accounts?
Expenses incurred but not yet paid or recorded are called accrued expenses.
How much is monthy gross income?
Your total income before taxes, but minus the business expenses incurred.
What does unreimbursed medical expenses mean?
To family court it means that any medical expense incurred which comes directly out of your pocket, and is not ever going to be paid back to you by an insurance company, benefactor and or government agency.To the IRS, it means, any medical expenses incurred which comes directly out of your pocket, and is over 7.5% of your gross income and is not ever going to be paid back to you by an insurance company, benefactor and or government agency..
What is financial costing?
Financial cost is that cost which is incurred by the business to arrange finance for business like interest expenses or floatation cost etc.
What do you call the expenses incurred by a business in transporting materials from a supplier to the place of business and which is always part of the cost of the goods which are carried?
CARRIAGE INWARD
