Mr. Sherman incurred $7,000 of employment-related business expenses. Which of the following statements is true?
A. If his employer reimbursed him for $3,000 of the expenses, Mr. Sherman is allowed a $4,000 itemized deduction.
B. If his employer reimbursed him for $3,000 of the expenses, Mr. Sherman is allowed a $4,000 above-the-line deduction.
C. If his employer reimbursed him for $3,000 of the expenses, Mr. Sherman has a $4,000 nondeductible expense.
D. If his employer reimbursed him for these expenses, Mr. Sherman must include the reimbursement in gross income.
Answer: C
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