Question
1)G and her spouse are both employed and salaries are their sole source of income. In the current year G's employment income was $120,000 and
1)G and her spouse are both employed and salaries are their sole source of income. In the current year G's employment income was $120,000 and her spouse's was $125,000. They have two children ages 4 and 9. Child-care expenses for the year include the following: day care fees of $10,000 for the 4-year-old, after-school day care fees of $4,000 for the 9 year-old. What is the maximum amount that can be deducted from G's income for tax purposes in the current year?
2)In the current year F moved from Edmonton to Calgary to work at his employer's head office. He incurred the following expenses related to the move: moving company to pack and move belongings $8,000, sales commission on sale of Edmonton home $18,000, utility and property tax costs of Edmonton home subsequent to moving but prior to sale $6,100, land transfer tax to purchase new home in Calgary $7,000, and legal fee to sell Edmonton home $2,000. F's salary in the current year was $120,000 of which $31,000 was earned while living in Calgary. What is the maximum amount that can be deducted from F's income for tax purposes in the current year?
If you don't mind, could you please show the process of how you got your answer. Thank you
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