Diane Weber is emploved as Parterne, pirestor of B. Lid, an internatonal orporation ch Aving and Viabor is emploved as Personnel Director or B. 4, An avat 10 1 - December 1. Diane rented a three-bedroom strause in Vancouver. She purchased a two-hearin house in Hamilton on December 20. Diane has suppled you with the following information concerningher moving costs:Air transportation for Diane.Moving costsTemporary living expenses (hotel and meals) in Hamilton for 20 daysStorage . . . . . . .Lease cancellation fee paid to Vancouver landlordLegal fees to purchase new home.Property taxes paid from December 21-31Moving allowance paid by B. Ltd.Diane's net employment income in Hamilton December 1-31$3.0003.1002.5001.250 1 sil3 rotanisat for g1,2003.600400 04,0005,600What is the deductible amount of moving expenses that Diane can claim in her personal income tax return for the year of the move?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Diane Weber is emploved as Parterne, pirestor of B. Lid, an internatonal orporation ch Aving and Viabor is emploved as Personnel Director or B. 4, An avat 10 1 - December 1. Diane rented a three-bedroom strause in Vancouver. She purchased a two-hearin house in Hamilton on December 20. Diane has suppled you with the following information concerningher moving costs:Air transportation for Diane.Moving costsTemporary living expenses (hotel and meals) in Hamilton for 20 daysStorage . . . . . . .Lease cancellation fee paid to Vancouver landlordLegal fees to purchase new home.Property taxes paid from December 21-31Moving allowance paid by B. Ltd.Diane's net employment income in Hamilton December 1-31$3.0003.1002.5001.250 1 sil3 rotanisat for g1,2003.600400 04,0005,600What is the deductible amount of moving expenses that Diane can claim in her personal income tax return for the year of the move?

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