Question 1 Not yet answered In June 2020, Mr. Smith moved from Calgary to Vancouver to start a new job. In his 2020 fiscal year, he earned employment income of $50,000 in his new job. He was not reimbursed by his employer for any of the moving costs. Mr. Smith incurred the following costs of moving: Marked out of 4.00 P Flag $5,000 2,000 900 750 C. a. Transport of household effects b. Travel - self, spouse, and three children Legal fees - house purchase in Vancouver d Cancellation of lease on condo in Calgary Temporary accommodation while waiting for new house at $70 per day for 30 days f. House-hunting trip to Vancouver in May 2020 question e 2,100 500 What is the maximum amount that Mr. Smith may deduct for moving expenses in his 2020 personal income tax return? $ Question 2 Not yet answered John and Mary are married and they have two children, aged 2 and 5. They pay John's sister $300 per week to take care of their children for 40 weeks each year. John works full time and earns a salary of $90,000 per year. Mary works part time and earned $24,000 in 2020. She also went to college full-time for a total of 10 weeks in 2020. Marked out of 4.00 How much can John and Mary each claim as a deduction for child care expenses? Show your calculations P Flag question 7 A B I Activate Windows Go to Settings to activate Windows. Question 3 Not yet answered Marked out of 6.00 During the year, Tom gifted to his 17 year old son, Brent, shares in Royal Bank that he had originally bought for $1,000. At the time of the gift, the shares were worth $10,000. Brent received $500 in dividend income from the Royal Bank shares. Later in the year, Brent sold the shares for $11,000. Explain the tax implications of the transactions. Who should report the dividend income and the capital gains on the two sales and the amounts? P Flag question 7 B I % Activate Windows Go to Settings to activate Wind