Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2: On December 15, 2022 at the request of her employer Ms. Mary Everett moves from Saskatoon to Calgary. She has always lived in
Question 2: On December 15, 2022 at the request of her employer Ms. Mary Everett moves from Saskatoon to Calgary. She has always lived in a rented apartment and will continue to do so in Calgary. The costs she incurred in the move are shown below: During the year, her salary totaled $64,000 of which $3,000 can be allocated to the period after December 15,2022 . Her employer is prepared to reimburse $2,000 towards the cost of her move. Required: Explain how Ms. Everett can maximize her moving expense deduction. Determine how much of her moving costs can be deducted in 2022, and any carry forward available. Question 3 Dylan is a single Dad with a 4-year-old boy, and a 15-year-old girl. The 15 year old attends a private overnight boarding school for 40 weeks during the year. As Dylan often works long hours, he has a babysitter look after the 4 year old after day-care closes. Dylan's earned income for purposes of the childcare expense deduction is $126,000. Required: what is the amount of Dylan's childcare expense deduction
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started