Ron obtained a new job and moved from Houston to Washington. He incurred the following moving expenses: $$\begin{array} { | l | r | }
\hline \text { Transportation of household goods } & \$ 3,200 \
\hline \text { House-hunting trips } & 1,500 \
\hline \text { Temporary living expenses (20 days) } & 3,400 \
\hline \text { Commissions on new lease } & 500 \
\hline \text { Costs of settling old lease } & 250 \
\hline \text { Mileage for personal automobile } & 1,400 \text { miles } \
\hline
\end{array}$$ Assuming Ron is eligible to deduct his moving expenses, what is the amount of the deduction?
A) $3,466
B) $6,600
C) $9,066
D) $8,366

Question

Ron obtained a new job and moved from Houston to Washington. He incurred the following moving expenses: $$\begin{array} { | l | r | } 
\hline \text { Transportation of household goods } & \$ 3,200 \
\hline \text { House-hunting trips } & 1,500 \
\hline \text { Temporary living expenses (20 days) } & 3,400 \
\hline \text { Commissions on new lease } & 500 \
\hline \text { Costs of settling old lease } & 250 \
\hline \text { Mileage for personal automobile } & 1,400 \text { miles } \
\hline
\end{array}$$ Assuming Ron is eligible to deduct his moving expenses, what is the amount of the deduction?
A) $3,466
B) $6,600
C) $9,066
D) $8,366

Quizplus · Accepted Answer

The correct answer is A. The total moving expenses that are deductible are $3,466. This includes the transportation of household goods, house-hunting trips, temporary living expenses, and mileage for personal automobile. The commissions on new lease and costs of settling old lease are not deductible.

Ron Obtained a New Job and Moved from Houston to Washington