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2 . On September 1, 2022, Mr. Payton moves from Sudbury to Ottawa (Ottawa is 484 kilometers from Sudbury) for a new job. He lived
2 . On September 1, 2022, Mr. Payton moves from Sudbury to Ottawa (Ottawa is 484 kilometers from Sudbury) for a new job. He lived in a rented apartment in Sudbury and purchased a house in Ottawa. The total cost of the actual move, including the costs of moving his personal possessions, was $16,500. He paid $500 to the cleaners to clean the rented home and hand it over to the landlord as per his tenancy contract. He spent $750 on a house hunting trip to Ottawa, but he did not decide on a house until his return to Sudbury. He also incurred a $2,000 penalty for breaking his lease in Sudbury. He also incurred $150 of mail forwarding cost to his new address. He also paid $200 expenses for various utilities connections at his new address in Ottawa. During the year, his salary totaled $60,000, of which $45,000 was earned in Sudbury and the remaining $15,000 was earned in Ottawa. As Payton is hired at a junior level, his new employer is not reimbursing any of the moving expenses. Required: Determine Mr. Payton's maximum moving expense deduction for 2022, as well as any carry forward available in the assignment excel spreadsheet. Moving expense deduction Should the total cost of actual move, including cost of moving personal possessions be 1 deducted? 2 Should the cleaning fees be deducted? 3 Should house hunting trip enses be deducted? 4 Should lease breaking penalty be deducted? S Should mail forwarding fees be deducted? 6 Should utlities connections fees be deducted? Yes/No Amount Remark/comment, if any Calculation of maximum moving expesnes deductions Show your calculation here Amount Marks Total deductable moving expesnes 2475.88 Ankit: Enter your total deductable moving expesnes here (without conisdering the carry forward, if any) 1 Calculation of maximum moving expesnes deductions Show your calculation here + Total deductable moving expesnes Amount of Carry Forward, if Any (if no carry forward, enter 0) Total Marks of Q.2 Amount 2475.88 8
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