User Account

All Pages

How much can she claim for moving expenses

Assignment Help Accounting Basics
Reference no: EM132606315

Question - Maxine used to work and live in Alberta but has accepted a new job in Ontario. The new job has a starting salary of $90,000 per year, or $7,500 per month. She moved herself, her spouse and her child there in October, so she could start her new job on November 1. While they had rented their accommodations in Alberta, they bought a new house in Ontario. She incurred the following expenses as a result of the move:

canceling the lease on their rental apartment, $1,200.

hiring movers to pack and move their household effects, $12,000.

legal fees on the house purchase, $1,400.

land transfer tax on the house purchase, $3,000.

cost of disconnecting utilities in Alberta, $100.

cost of connecting utilities in Ontario, $200.

airfare from Alberta to Ontario, $3,300.

Lunch for the three of them between connecting flights, $40

Required - How much can she claim for moving expenses in the year of the move?

Reference no: EM132606315

Questions Cloud

How should the company allocate the best supervisor : Excellent Co. Ltd, How should the company allocate the best supervisor to the various zones in order to maximize its total annual turnover?
How much of the NOL carryforward can Emily use : Emily, who is single, sustains an NOL of $18,400 in 2019. The loss is carried forward to 2020. How much of the NOL carryforward can Emily use in 2019
BUMGT 5920 Management in a Global Business Environment : BUMGT 5920 Management in a Global Business Environment Assignment Help and Solution, Federation University - Assessment Writing Service
Identify the basic principles of marketing : Identify the basic principles of marketing. Identify both the potential target market and the potential market segment that a business intends to reach.
How much can she claim for moving expenses : Maxine used to work and live in Alberta but has accepted a new job in Ontario. How much can she claim for moving expenses
Animal behavior works in the nervous system : The concept of being able to make associations is the entire way animal behavior works in the nervous system.
Briefly explain why the as-curve is upward sloping : Briefly explain why the AS-curve is upward sloping in the intermediate run.
What is total net gain or loss from all of the transactions : Sold land with an historical cost of $100,000 for $120,000 in cash. What is the total net gain or loss from all of the transactions combined
Explain why economists disagree with backing paper : Explain why economists disagree with backing paper money with a certain commodity such as gold.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Write a memo to riley regarding the gain on the sale of land

Write a memo to Riley regarding the gain on the sale of the land. Provide an analysis of how it should be treated for tax purposes.

  Discuss what information the statement of cash flows

How will the information be useful in your other classes and in your career

  System balanced security and usability

Analyze the new system and determine the design issues with this new system. Describe how you would correct the design issues with the system to make the restaurant managers happy.

  Calculate the dollar amount of xyz company

Calculate the dollar amount of XYZ Company's finished goods inventory that would appear on the December 31, 2018 balance sheet using variable costing

  Describe three features of a good balance scoreboard

Describe three features of a good balance scoreboard. Your answer to the topic should be in your own words

  Find what is size of the final payment

second payment of $1000 nine months from now and a final payment 18 months from now. What is size of the final payment if interest is 6.8% compounded quarterly

  Journalize the transactions for green plains supply co

Dec. 11 Sold goods to R. P. Meier, Inc., receiving a $8,500, 90-day, 7% note. Journalize the transactions for Green Plains Supply Co

  Compute the break-even point in dollar sales

Compute the break-even point in dollar sales for the company as a whole and the margin of safety in both dollars and percent

  Modified accelerated cost recovery system

In January 2011, JIM, purchased $350,000 of new MACRS (Modified Accelerated Cost Recovery System) 5-year property in the United States. This equipment was placed in service May 1, 2011. JIM wants to take as much depreciation in 2011 as possible.

  Post to the stockholders equity accounts

Bridgeport Corporation was organized on January 1, 2020. It is authorized to issue 15,000 shares of 8%, Post to the stockholders equity accounts

  What is the materials handling charge for a job

The materials handling charge for ABC Corp. is $.50 per pound of finished product. What is the materials handling charge for a job

  Explain the tax advantages of operating in the united

a foreign corporation can structure its u.s. operations as either a branch or a subsidiary. what are the tax advantages

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd