B TAX 200-SECTION #2 HAND-IN NAME: #1) You currently live in Prince George, B.C. and have...

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B TAX 200-SECTION #2 HAND-IN NAME: #1) You currently live in Prince George, B.C. and have a minimum wage job. You have been going to school at night and have been looking for a new job to apply your new skills. You have interviewed with an exciting company in Edmonton, AB and have received a job offer which you have accepted. You have put you home up for sale and were able to sell it. The following information is given regarding the sale of the home. Sales Price of Your Home. Original Purchase Price of Home Real Estate Commission Legal Fees for Sale of Home $370,721 $278,041 $14,829 Cost to Repaint Home to Help Sell Faster $548 $553 Due to the quick sale of your home you and you family had to stay in a hotel for a few days while you gave notice at your old job and wrapped up your affairs in Prince George. You kept your meal receipts but due to the move you have been unable to locate them. # of Days in Prince George Hotel Actual Total Hotel Costs 7 $700 While you were in Prince George you decided to rent an apartment in Edmonton so you and your family would have a place to live. The pictures on the internet were excellent and you signed a one year lease. You, your spouse and one child load up the car and made the drive to Edmonton. The following details are regarding this trip: # of KM Driven # of Days on Road Actual Vehicle Operating Costs $/KM Rate for Alberta $/KM Rate for British Columbia Actual Total Hotel Costs Cost of Moving Company to Ship Items 784 2 $260 $0.47 $0.52 $100 $2,100 When you arrived in Edmonton you found that there had been a bad storm and your apartment was flooded and you were unable to move in and stayed in a hotel while the repairs were done. You were able to locate the hotel receipt but your were unable to locate the meal receipts. # of Days in Edmonton Hotel Actual Total Hotel Costs 11 $1,100 Required: Determine the maximum moving expenses that may be claimed in the 2021 tax year assuming: 2021 Employment Income in Prince George 2021 Employment Income in Edmonton 2021 Reimbursement from New Employer $21,990 $13,946 $4,000 B TAX 200-SECTION #2 HAND-IN NAME: #1) You currently live in Prince George, B.C. and have a minimum wage job. You have been going to school at night and have been looking for a new job to apply your new skills. You have interviewed with an exciting company in Edmonton, AB and have received a job offer which you have accepted. You have put you home up for sale and were able to sell it. The following information is given regarding the sale of the home. Sales Price of Your Home. Original Purchase Price of Home Real Estate Commission Legal Fees for Sale of Home $370,721 $278,041 $14,829 Cost to Repaint Home to Help Sell Faster $548 $553 Due to the quick sale of your home you and you family had to stay in a hotel for a few days while you gave notice at your old job and wrapped up your affairs in Prince George. You kept your meal receipts but due to the move you have been unable to locate them. # of Days in Prince George Hotel Actual Total Hotel Costs 7 $700 While you were in Prince George you decided to rent an apartment in Edmonton so you and your family would have a place to live. The pictures on the internet were excellent and you signed a one year lease. You, your spouse and one child load up the car and made the drive to Edmonton. The following details are regarding this trip: # of KM Driven # of Days on Road Actual Vehicle Operating Costs $/KM Rate for Alberta $/KM Rate for British Columbia Actual Total Hotel Costs Cost of Moving Company to Ship Items 784 2 $260 $0.47 $0.52 $100 $2,100 When you arrived in Edmonton you found that there had been a bad storm and your apartment was flooded and you were unable to move in and stayed in a hotel while the repairs were done. You were able to locate the hotel receipt but your were unable to locate the meal receipts. # of Days in Edmonton Hotel Actual Total Hotel Costs 11 $1,100 Required: Determine the maximum moving expenses that may be claimed in the 2021 tax year assuming: 2021 Employment Income in Prince George 2021 Employment Income in Edmonton 2021 Reimbursement from New Employer $21,990 $13,946 $4,000