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#6) (7 Marks) You have received an exciting job offer that requires you to move to a new city. After considering your options you decide
#6) (7 Marks) You have received an exciting job offer that requires you to move to a new city. After considering your options you decide to take the job and move. You are currently in Winnipeg Manitoba and will move to Swift Current, Saskatchewan. Details of the move are as follows: $1,700 $144 $200 $240 Note #1 Costs to Break Lease on your apartment: Note #2 Actual Travel Cost (November, 2017): Vehicle (Gasoline) 900 KM Hotel 2 Nights x $100 per Night Meals 3 Days x $40 per Day per Person Note #3 Actual Travel Cost (December, 2017): Vehicle (Gasoline) 850 KM Hotel 1 Night x $140 per Night Meals 2 Days $40 per Day per Person Note #4 Actual Costs Waiting for New Residence: Hotel 19 Nights x $130 per Night Meals 20 Days x $30 per Day per Person $153 $140 $160 $2,470 $1,200 $73,000 $12,800 Income from Old Employer (2017) Income from New Employer (2017) KM Allowance Rate for Saskatchewan (2017) KM Allowance Rate for Manitoba (2017) $0.460 $0.470 Moving Allowance/Reimbursement from New Employer $0 Note #1: You were leasing your apartment. Since you signed a long-term lease, you had to pay a lease cancellation fee in order to get out of your lease so you could move to the new location. Note #2: In anticipation of moving to a new city, you and your spouse went on a trip to check out potential houses. You travelled by car. Note #3: You didn't sign a lease agreement for a new place in the new city until December, 2017. After signing the lease, you and your spouse loaded up the family possessions in the vehicle and drove by car. Note #4: Your new apartment had a roach infestation. Therefore, you weren't able to move in when you arrived. You stayed in a hotel while the new apartment was fumigated. REQUIRED: Determine the maximum moving expense allowed for the 2017 year. Show all supporting work
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