Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Natalie Doak moved 1,000 kilometres from Winnipeg, on March 1, 2020, to a new job and earned $40,000 in her new work location. Her

image text in transcribed

Natalie Doak moved 1,000 kilometres from Winnipeg, on March 1, 2020, to a new job and earned $40,000 in her new work location. Her employer reimbursed the costs of selling her old residence and purchasing her new residence. She did not receive any allowance or reimbursement in respect of the following expenses, all of which she paid in 2020: Moving van Travelling costs to move Natalie and family (four persons in all) Cost of cleaning house in new work location $2,600 900 100 Cost of painting and installing new carpets and windows 10,000 Cost of maintaining vacant former residence for three months until it was sold (mortgage interest and property taxes of $3,000 per month) Cost of changing address on legal documents 9,000 100 House hunting trips for new residence 3,000 Travelling costs consist of three meals a day for four persons over three full days, gas and other car costs, and hotel for two nights at $100 per night. What is the maximum amount Natalie can claim for moving expenses in 2020? Use the simplified method by using the following flat rates - Meal $69 and car .55 per km.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

3rd edition

1119372933, 978-1119372936

More Books

Students also viewed these Accounting questions

Question

Differentiate the function. r(z) = 2-8 - 21/2 r'(z) =

Answered: 1 week ago

Question

What is sampling?

Answered: 1 week ago