You have received an exciting job offer that requires you to move to a new city....

 

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You have received an exciting job offer that requires you to move to a new city. After considering your options you decide to take the job and move. You are currently in Winnipeg Manitoba and will move to Swift Current, Saskatchewan. Details of the move are as follows: Note #1 Costs to Break Lease on your apartment: $1,700 Note #2 Actual Travel Cost (November, 2017): 900 KM $144 Vehicle (Gasoline) 2 Nights x Hotel $100 per Night $200 Meals 3 Days x $40 per Day per Person $240 Note # 3 Actual Travel Cost (December, 2017): Vehicle (Gasoline) 850 KM $153 Hotel $140 per Night $140 1 Night x 2 Days x Meals $40 per Day per Person $160 Note #4 Actual Costs Waiting for New Residence: Hotel 19 Nights x $130 per Night $2,470 Meals 20 Days x $30 per Day per Person $1,200 Income from Old Employer (2017) $73,000 Income from New Employer (2017) $12,800 KM Allowance Rate for Saskatchewan (2017) $0.460 KM Allowance Rate for Manitoba (2017) $0.470 Moving Allowance/Reimbursement from New Employer $0 Note #1: You were leasing your apartment. Since you signed a long-term lease, you had to pay a lease cancellation fee in order to get out of your lease so you could move to the new location. Note #2: In anticipation of moving to a new city, you and your spouse went on a trip to check out potential houses. You travelled by car. Note #3: You didn't sign a lease agreement for a new place in the new city until December, 2017. After signing the lease, you and your spouse loaded up the family possessions in the vehicle and drove by car. Note #4: Your new apartment had a roach infestation. Therefore, you weren't able to move in when you arrived. You stayed in a hotel while the new apartment was fumigated. Determine the maximum moving expense allowed for the 2017 year. Show all supporting work. REQUIRED: You have received an exciting job offer that requires you to move to a new city. After considering your options you decide to take the job and move. You are currently in Winnipeg Manitoba and will move to Swift Current, Saskatchewan. Details of the move are as follows: Note #1 Costs to Break Lease on your apartment: $1,700 Note #2 Actual Travel Cost (November, 2017): 900 KM $144 Vehicle (Gasoline) 2 Nights x Hotel $100 per Night $200 Meals 3 Days x $40 per Day per Person $240 Note # 3 Actual Travel Cost (December, 2017): Vehicle (Gasoline) 850 KM $153 Hotel $140 per Night $140 1 Night x 2 Days x Meals $40 per Day per Person $160 Note #4 Actual Costs Waiting for New Residence: Hotel 19 Nights x $130 per Night $2,470 Meals 20 Days x $30 per Day per Person $1,200 Income from Old Employer (2017) $73,000 Income from New Employer (2017) $12,800 KM Allowance Rate for Saskatchewan (2017) $0.460 KM Allowance Rate for Manitoba (2017) $0.470 Moving Allowance/Reimbursement from New Employer $0 Note #1: You were leasing your apartment. Since you signed a long-term lease, you had to pay a lease cancellation fee in order to get out of your lease so you could move to the new location. Note #2: In anticipation of moving to a new city, you and your spouse went on a trip to check out potential houses. You travelled by car. Note #3: You didn't sign a lease agreement for a new place in the new city until December, 2017. After signing the lease, you and your spouse loaded up the family possessions in the vehicle and drove by car. Note #4: Your new apartment had a roach infestation. Therefore, you weren't able to move in when you arrived. You stayed in a hotel while the new apartment was fumigated. Determine the maximum moving expense allowed for the 2017 year. Show all supporting work. REQUIRED: You have received an exciting job offer that requires you to move to a new city. After considering your options you decide to take the job and move. You are currently in Winnipeg Manitoba and will move to Swift Current, Saskatchewan. Details of the move are as follows: Note #1 Costs to Break Lease on your apartment: $1,700 Note #2 Actual Travel Cost (November, 2017): 900 KM $144 Vehicle (Gasoline) 2 Nights x Hotel $100 per Night $200 Meals 3 Days x $40 per Day per Person $240 Note # 3 Actual Travel Cost (December, 2017): Vehicle (Gasoline) 850 KM $153 Hotel $140 per Night $140 1 Night x 2 Days x Meals $40 per Day per Person $160 Note #4 Actual Costs Waiting for New Residence: Hotel 19 Nights x $130 per Night $2,470 Meals 20 Days x $30 per Day per Person $1,200 Income from Old Employer (2017) $73,000 Income from New Employer (2017) $12,800 KM Allowance Rate for Saskatchewan (2017) $0.460 KM Allowance Rate for Manitoba (2017) $0.470 Moving Allowance/Reimbursement from New Employer $0 Note #1: You were leasing your apartment. Since you signed a long-term lease, you had to pay a lease cancellation fee in order to get out of your lease so you could move to the new location. Note #2: In anticipation of moving to a new city, you and your spouse went on a trip to check out potential houses. You travelled by car. Note #3: You didn't sign a lease agreement for a new place in the new city until December, 2017. After signing the lease, you and your spouse loaded up the family possessions in the vehicle and drove by car. Note #4: Your new apartment had a roach infestation. Therefore, you weren't able to move in when you arrived. You stayed in a hotel while the new apartment was fumigated. Determine the maximum moving expense allowed for the 2017 year. Show all supporting work. REQUIRED: You have received an exciting job offer that requires you to move to a new city. After considering your options you decide to take the job and move. You are currently in Winnipeg Manitoba and will move to Swift Current, Saskatchewan. Details of the move are as follows: Note #1 Costs to Break Lease on your apartment: $1,700 Note #2 Actual Travel Cost (November, 2017): 900 KM $144 Vehicle (Gasoline) 2 Nights x Hotel $100 per Night $200 Meals 3 Days x $40 per Day per Person $240 Note # 3 Actual Travel Cost (December, 2017): Vehicle (Gasoline) 850 KM $153 Hotel $140 per Night $140 1 Night x 2 Days x Meals $40 per Day per Person $160 Note #4 Actual Costs Waiting for New Residence: Hotel 19 Nights x $130 per Night $2,470 Meals 20 Days x $30 per Day per Person $1,200 Income from Old Employer (2017) $73,000 Income from New Employer (2017) $12,800 KM Allowance Rate for Saskatchewan (2017) $0.460 KM Allowance Rate for Manitoba (2017) $0.470 Moving Allowance/Reimbursement from New Employer $0 Note #1: You were leasing your apartment. Since you signed a long-term lease, you had to pay a lease cancellation fee in order to get out of your lease so you could move to the new location. Note #2: In anticipation of moving to a new city, you and your spouse went on a trip to check out potential houses. You travelled by car. Note #3: You didn't sign a lease agreement for a new place in the new city until December, 2017. After signing the lease, you and your spouse loaded up the family possessions in the vehicle and drove by car. Note #4: Your new apartment had a roach infestation. Therefore, you weren't able to move in when you arrived. You stayed in a hotel while the new apartment was fumigated. Determine the maximum moving expense allowed for the 2017 year. Show all supporting work. REQUIRED:

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