Question: Problems ( 2 5 points ) 1 . - Mr . Lawrence Harvey has been employed in Halifax for many years. In 2 0 2

Problems (25 points)1.- Mr. Lawrence Harvey has been employed in Halifax for many years. In 2023 he decides on a change of location and asks his employer for a transfer to another location. Lawrence and his employer agree on a move to the company's main office in Ottawa. Lawrence will begin in the Otawa office at the beginning of December, 2023. Lawrence's salary is $8,000 per month.Lawrence sells the home he owned in Halifax in October of 2023 for $435,000. As he was anxious to sell quickly, he realizes a loss on the sale of $52,000. Costs associated with the sale of his Halifax residence are as follows:Real Estate Commissions$21,000Legal Fees800Unpaid Property Taxes to date of sale1,500Cost of cleaning and minor repairs prior to sale3,800In October of 2023, Lawrence flies to Ottawa to find a new home. As he lives alone, he decides to lease a condominium. After 2 days, he finds a suitable property which he leases for $2,500 a month, beginning November 1. He remains in Ottawa for an additional 4 days in order to purchase furniture, appliances and other household effects. The expenses associated with the house hunting trip to Ottawa are:Air Fare - Return$1,250Rental Car Costs (6 Days)420Hotel (6 Nights at $200)1,200Food (6 Days - Total)510His employer has agreed to the following assistance towards the move: An $18,000 allowance to cover his general moving expenses. Compensation, to the extent of $30,000, for the loss on the sale of his house in Halifax.All of these amounts will be paid by the Ottawa office in December of 2023.On November 7, Lawrence leaves for Ottawa by air. Because the acquired furnishings and appliances have not been delivered yet, he has to live in an Ottawa hotel until November 25.His expenses for the period November 7 through November 25 are as follows:Air Fare - One WayHotel Room with kitchenette (19 Nights at $160)$ 600Food (19 Days - Total Including Groceries for3,040cooking in Hotel)660He also hires a specialty moving company to transport his car to Ottawa which is delivered November 8. The cost for this service is $1,100.A moving company takes care of moving Lawrence's personal belongings to Ottawa. The invoice for this service is $3,500. In addition, there is a $1,200 charge for storing these belongings until the Ottawa condominium becomes available.Lawrence begins working in Ottawa on December 1. He would like to claim the maximum moving expense possible for 2023.Lawrence will use the simplified method of determining food costs in calculating his moving expenses. Assume that the flat rate for meals is $69 per day.Required: Determine the amount of Lawrence's maximum 2023 deduction for moving expenses. In addition, indicate the amount of any carry forward that is available for years subsequent to 2023.(19 points)

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