After Graduating from College, Clint Obtained Employment in Omaha A How Much May Clint Deduct as Moving Expense?
B

question 134

Essay

After graduating from college, Clint obtained employment in Omaha. In moving from his parents' home in
Baltimore to Omaha, Clint incurred the following expenses:
$\begin{array}{lr}\text { Transportation } & \$ 700 \\\text { Meals } & 380 \\\text { Lodging } & 400 \\\text { Cost of moving household goods } & 3,500\end{array}$
a. How much may Clint deduct as moving expense?
b. Would any deduction be allowed if Clint claimed the standard deduction for the year of the move? Explain.

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Definitions:

Embedded Chip

A small electronic component implanted in devices or systems to perform specific computing or processing tasks.

TPS

Transaction Processing System (TPS) is a type of information system that collects, stores, modifies, and retrieves the data transactions of an enterprise.

TPS

An organizational Transaction Processing System operates as an information system that engages in the collection, storage, alteration, and retrieval of transaction activities.

Inventory Management

The practice of ordering, storing, using, and selling a company's inventory, which includes both raw materials and finished goods.