Question: Matt was killed in action while serving in Iraq. His duty station at the time he was deployed was Fort Benning, Georgia, where he and

Matt was killed in action while serving in Iraq. His duty station at the time he was deployed was Fort Benning, Georgia, where he and his wife, Kristal, had lived for the previous three years. Krista chose to move back to Waterloo, Iowa, where they lived at the time Matt enlisted. The cost to move their household goods was $4,800; Kristal drove 1,050 miles and spent $300 for two nights lodging. Kristal received $5,810 reimbursement from the military. The taxable amount of Kristal's reimbursement is ____________.

$271

$300

$542

$5,268

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!