Question 3B) In December 2021, Xintong moved from Toronto Calgary to commence a PhD degree in...
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Question 3B) In December 2021, Xintong moved from Toronto Calgary to commence a PhD degree in math (he will be studying hypergeometric resummation and recurrence equatic). Xintong will fly to the Calgary International Airport from Toronto's Pearson Internation: Airport and will ship his personal belongings to his Calgary apartment from his Toronto apartment. In 2021 Xtong finished graduate studies at the University of Toronto, and earned $11,000 as a part-time research assistar In 2021 he also received a $25,000 scholarship. In 2022 Xintong will earn $26,000 as a research assistant. a. Given these case facts, what deductible moving expenses would most likely be available to Xintong? (2 marks) b. Assuming he has deductible moving expenses of approximately $4,000, does he have an obvious preference for deducting them in 2021 versus 2022? Why or why not? (2 marks) Question 3B) In December 2021, Xintong moved from Toronto Calgary to commence a PhD degree in math (he will be studying hypergeometric resummation and recurrence equatic). Xintong will fly to the Calgary International Airport from Toronto's Pearson Internation: Airport and will ship his personal belongings to his Calgary apartment from his Toronto apartment. In 2021 Xtong finished graduate studies at the University of Toronto, and earned $11,000 as a part-time research assistar In 2021 he also received a $25,000 scholarship. In 2022 Xintong will earn $26,000 as a research assistant. a. Given these case facts, what deductible moving expenses would most likely be available to Xintong? (2 marks) b. Assuming he has deductible moving expenses of approximately $4,000, does he have an obvious preference for deducting them in 2021 versus 2022? Why or why not? (2 marks)
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a Given these case facts what deductible moving expenses would most likely be available to Xin... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
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