In 20X4, Tom Depuis moved 2874 kilometers from Anytown, Province1 to
Newtown, Province2 to assume the position of manager for his company at the Newtown head office. Tom began his new job on October 1st. He receives a
salary of $5,100 per month at his new job. Tom has provided you with the following information pertaining to his moving costs:
Tom received a reimbursement of $15,000 from his employer. Required:
Calculate the maximum amount of moving expenses that Tom may deduct this year and next year.

Question

In 20X4, Tom Depuis moved 2874 kilometers from Anytown, Province1 to
Newtown, Province2 to assume the position of manager for his company at the Newtown head office. Tom began his new job on October 1st. He receives a
salary of $5,100 per month at his new job. Tom has provided you with the following information pertaining to his moving costs:
  Tom received a reimbursement of $15,000 from his employer. Required:
Calculate the maximum amount of moving expenses that Tom may deduct this year and next year.

Quizplus · Accepted Answer

The Answer of In 20X4, Tom Depuis moved 2874 kilometers from Anytown, Province1 to
Newtown, Province2 to assume the position of manager for his company at the Newtown head office. Tom began his new job on October 1st. He receives a
salary of $5,100 per month at his new job. Tom has provided you with the following information pertaining to his moving costs:
  Tom received a reimbursement of $15,000 from his employer. Required:
Calculate the maximum amount of moving expenses that Tom may deduct this year and next year.

In 20X4, Tom Depuis Moved 2874 Kilometers from Anytown, Province1