Question: Problems ( 2 5 points ) 1 . - Mr . Lawrence Harvey has been employed in Halifax for many years. In 2 0 2
Problems points Mr Lawrence Harvey has been employed in Halifax for many years. In 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, Lawrence's salary is $ per month.Lawrence sells the home he owned in Halifax in October of for $ As he was anxious to sell quickly, he realizes a loss on the sale of $ Costs associated with the sale of his Halifax residence are as follows:Real Estate Commissions$Legal FeesUnpaid Property Taxes to date of saleCost of cleaning and minor repairs prior to saleIn October of Lawrence flies to Ottawa to find a new home. As he lives alone, he decides to lease a condominium. After days, he finds a suitable property which he leases for $ a month, beginning November He remains in Ottawa for an additional 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$Rental Car Costs DaysHotel Nights at $Food Days TotalHis employer has agreed to the following assistance towards the move: An $ allowance to cover his general moving expenses. Compensation, to the extent of $ 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 On November 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 His expenses for the period November through November are as follows:Air Fare One WayHotel Room with kitchenette Nights at $$ Food Days Total Including Groceries forcooking in HotelHe also hires a specialty moving company to transport his car to Ottawa which is delivered November The cost for this service is $A moving company takes care of moving Lawrence's personal belongings to Ottawa. The invoice for this service is $ In addition, there is a $ charge for storing these belongings until the Ottawa condominium becomes available.Lawrence begins working in Ottawa on December He would like to claim the maximum moving expense possible for Lawrence will use the simplified method of determining food costs in calculating his moving expenses. Assume that the flat rate for meals is $ per day.Required: Determine the amount of Lawrence's maximum deduction for moving expenses. In addition, indicate the amount of any carry forward that is available for years subsequent to points
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