Solutions to Chapter 4 Problems
b. If Susan’s employer reimburses her $3,600 for all of these moving expenses except for the lease cancellation fee, will she have any taxable income? Solution: a. Susan can deduct $2,500 ($2,300 transportation for household goods + $200 airfare). b. Susan will have $1,100 in taxable income ($3,600 reimbursement - $2,500 qualified expenses ... ................
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