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 employer

  1. 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 $2,600 Travelling costs to move Natalie and family (four persons in all) 900 Cost of cleaning house in new work location 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) 9,000 Cost of changing address on legal documents 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?

Note use the simplified method by using these flat rates - Meals $69 and car .55 per km

Show all your work.

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_2

Step: 3

blur-text-image_3

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

Sustainability Accounting And Accountability

Authors: Matias Laine, Helen Tregidga, Jeffrey Unerman

3rd Edition

1032023104, 9781032023106

More Books

Students also viewed these Accounting questions

Question

99 Answered: 1 week ago

Answered: 1 week ago