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Please note this is for CANADA...all previous answers on chegg are wrong!! please provide the correct answer asap. Assignment Problem Nine - 2 (Moving Expenses)

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Please note this is for CANADA...all previous answers on chegg are wrong!! please provide the correct answer asap.

Assignment Problem Nine - 2 (Moving Expenses) In May of the current year, following a dispute with her immediate superior, Ms. Elaine Fox resigned from her job in Halifax and began to look for other employment. She was not able to find acceptable work in Halifax, but she did locate her dream job in Regina and was expected to report for work on October 1. After accepting the new job, Ms. Fox flew to Regina to find living quarters for herself. After two days of searching, she was able to locate a suitable house. Subsequent to purchasing her new home, Ms. Fox remained in Regina for an additional four days in order to purchase various fur- nishings for this residence. Her expenses for this trip were as follows: Air Fare (Halifax - Regina, Return) $ 689 Car Rental (6 Days At $35) 210 Hotel (6 Days At $150) 900 Food 275 Total Expenses $2,074 On her return to Halifax, she received the following statements from her attorneys: Real Estate Commission - Sale Of Old Home $ 9,500 Legal Fees - Sale Of Old Home 1,400 Unpaid Taxes On Old Home To Date Of Sale 800 Legal Fees - Purchase Of New Home 1,850 Transfer Tax On New Home $14,150 600 Total On August 31 of the current year, after supervising the final packing of her property and its removal from the old house, Ms. Fox spent three days in a Halifax hotel while she finalized arrangements for her departure. Expenses during this period were as follows: Hotel (3 Days At $140) $420 Food 145 Total $565 On September 3, she leaves Halifax by automobile, arriving in Regina on September 10. The dis- tance traveled was 3,900 kilometres. As her new residence is not yet available, she is forced to continue living in a Regina hotel until September 26. Her expenses for the period September 3 through September 26 are as follows: Gasoline Hotel (23 Days At $140) Food Total $ 875 3,220 975 $5,070 On moving into the new residence, she is required to pay the moving company a total of $3,800. This fee includes $675 for the 16 days of storage required because the new home was not avail- able when the furnishings arrived. Ms. Fox's only income for the current year was employment income and the net amounts to be included in her Net Income For Tax Purposes are as follows: Old Halifax Job (5 Months) $32,000 New Regina Job (3 Months) 16,500 Net Employment Income $48,500 Ms. Fox will use the simplified method of determining vehicle and food costs in calculating her moving expenses. Assume that the relevant flat rate for vehicle expenses is $0.58 for all prov- inces, and the flat rate for meals is $51 per day. Ms. Fox's new employer did not provide any reimbursement for moving expenses. Required: Calculate the maximum allowable moving expenses that Ms. Fox can deduct from her Net Income For Tax Purposes for the current year and any amount that can be carried for- ward to a subsequent year. Assignment Problem Nine - 2 (Moving Expenses) In May of the current year, following a dispute with her immediate superior, Ms. Elaine Fox resigned from her job in Halifax and began to look for other employment. She was not able to find acceptable work in Halifax, but she did locate her dream job in Regina and was expected to report for work on October 1. After accepting the new job, Ms. Fox flew to Regina to find living quarters for herself. After two days of searching, she was able to locate a suitable house. Subsequent to purchasing her new home, Ms. Fox remained in Regina for an additional four days in order to purchase various fur- nishings for this residence. Her expenses for this trip were as follows: Air Fare (Halifax - Regina, Return) $ 689 Car Rental (6 Days At $35) 210 Hotel (6 Days At $150) 900 Food 275 Total Expenses $2,074 On her return to Halifax, she received the following statements from her attorneys: Real Estate Commission - Sale Of Old Home $ 9,500 Legal Fees - Sale Of Old Home 1,400 Unpaid Taxes On Old Home To Date Of Sale 800 Legal Fees - Purchase Of New Home 1,850 Transfer Tax On New Home $14,150 600 Total On August 31 of the current year, after supervising the final packing of her property and its removal from the old house, Ms. Fox spent three days in a Halifax hotel while she finalized arrangements for her departure. Expenses during this period were as follows: Hotel (3 Days At $140) $420 Food 145 Total $565 On September 3, she leaves Halifax by automobile, arriving in Regina on September 10. The dis- tance traveled was 3,900 kilometres. As her new residence is not yet available, she is forced to continue living in a Regina hotel until September 26. Her expenses for the period September 3 through September 26 are as follows: Gasoline Hotel (23 Days At $140) Food Total $ 875 3,220 975 $5,070 On moving into the new residence, she is required to pay the moving company a total of $3,800. This fee includes $675 for the 16 days of storage required because the new home was not avail- able when the furnishings arrived. Ms. Fox's only income for the current year was employment income and the net amounts to be included in her Net Income For Tax Purposes are as follows: Old Halifax Job (5 Months) $32,000 New Regina Job (3 Months) 16,500 Net Employment Income $48,500 Ms. Fox will use the simplified method of determining vehicle and food costs in calculating her moving expenses. Assume that the relevant flat rate for vehicle expenses is $0.58 for all prov- inces, and the flat rate for meals is $51 per day. Ms. Fox's new employer did not provide any reimbursement for moving expenses. Required: Calculate the maximum allowable moving expenses that Ms. Fox can deduct from her Net Income For Tax Purposes for the current year and any amount that can be carried for- ward to a subsequent year

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