In Year 1, Gael Villeneuve was transferred by COOL Co to run a small branch of the company Gael moved 2874 kilometers from Big city to Small town to take on the new position Gael began the new job on October 1 st The new position pays $5,100 per month which is an increase from $4,500 at the former position Gael has provided you with the following information pertaining to the moving costs Legal fees on purchase of new home $3,000 Payment to a national moving company for the cost of the move $16,000 Payment to the moving company for container storage until Gael was able to take possession of the new home $1,000 Commission fees on sale of Big city home $10,000 21 days accommodations at a hotel in Small town $2,100 Meals for Gael, Gaels spouse, and their child, on the two day trip from Big City to Small town $200 Gas receipts for the two day trip (For this case, CRA vehicle rates are 55 cents km for the province of origin and 45 cents km for the province of destination ) $450 Gael received a reimbursement of $15,000 from COOL Co to assist with the moving expenses Required A Calculate the maximum amount of moving expenses that Gael can deduct on the Year 1 tax return (Round your intermediate calculations to the nearest whole dollar ) B Will the moving expenses have any effect on Gael's Year 2 tax return

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In Year 1, Gael Villeneuve was transferred by COOL Co. to run a small branch of the company. Gael moved 2874 kilometers from Big-city to

In Year 1, Gael Villeneuve was transferred by COOL Co. to run a small branch of the company. Gael moved 2874 kilometers from Big-city to Small-town to take on the new position. Gael began the new job on October 1^st. The new position pays $5,100 per month which is an increase from $4,500 at the former position. Gael has provided you with the following information pertaining to the moving costs:

Legal fees on purchase of new home	$3,000
Payment to a national moving company for the cost of the move	$16,000
Payment to the moving company for container storage until Gael was able to take possession of the new home	$1,000
Commission fees on sale of Big-city home	$10,000
21 days accommodations at a hotel in Small-town	$2,100
Meals for Gael, Gaels spouse, and their child, on the two-day trip from Big-City to Small-town.	$200
Gas receipts for the two-day trip. (For this case, CRA vehicle rates are 55 cents/km for the province of origin and 45 cents/km for the province of destination.)	$450

Gael received a reimbursement of $15,000 from COOL Co. to assist with the moving expenses. Required: A. Calculate the maximum amount of moving expenses that Gael can deduct on the Year 1 tax return. (Round your intermediate calculations to the nearest whole dollar.) B. Will the moving expenses have any effect on Gael's Year 2 tax return?