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Ron obtained a new job and moved from Houston to Washington. He incurred the following moving expenses:

Transportation of household goods $3,200
House-hunting trips 1,500
Temporary living expenses (20 days) 3,400
Commissions on new lease 500
Costs of settling old lease 250
Mileage for personal automobile 1,400 miles

Assuming Ron is eligible to deduct his moving expenses, what is the amount of the deduction?

A) $3,522

B) $6,600

C) $6,922

D) $5,722

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M945801

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