Sam moves from Alberta to Ontario during 2019, earning $18,000 from his new employer. He wants to

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Sam moves from Alberta to Ontario during 2019, earning $18,000 from his new employer. He wants to use the simplified method for his moving expenses. The mileage rate for Ontario is $0.52/km and the Alberta rate is $0.47/km.

The following are the expenses he incurs:

Legal fees/Commission to sell residence	$3,400
Moving company	4,100
Gas (3,000km)	450
Meals (3 days)	120

Required:

What is the amount that Sam should deduct for moving expenses in 2019?

Related Book For answer-question

Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Posted Date: Aug 23, 2020 06:01 AM

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Sam moves from Alberta to Ontario during 2019, earning $18,000 from his new employer. He wants to

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Expert Answer:

Meals expenses 3 days 120 Vehicle expense... View the full answer

Entrepreneurial Finance

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