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3 ed out of g on Mr. Kumar moved from Saskatchewan to Prince Edward Island to start a new business. In his fiscal year, the

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3 ed out of g on Mr. Kumar moved from Saskatchewan to Prince Edward Island to start a new business. In his fiscal year, the business generated income in excess of $40,000. Mr. Kumar incurred the following costs of moving: Transport of household effects $ 5,500 Travel - self, spouse, and three children $ 8,300 Legal fees - house purchase in PEI $ 2,200 Cancellation costs - lease in Saskatchewan S 1,400 Temporary accommodation while waiting for new house (30 $ 2,300 nights) $ 500 House-hunting trip (prior to move) Which one of the following amounts represents the maximum amount that Mr. Kumar may deduct for moving expenses in his personal income tax return? Each option below is worth partial marks, Select one: a. $20,200 O b. $18,550 c. $19,700 d. $19,050 e. $16,350

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