When Jack accepted a new job in Vancouver, he had to move to Vancouver immediate

Question

When Jack accepted a new job in Vancouver, he had to move to Vancouver immediately, even before he sold his house in Regina. Unfortunately, the Regina housing market was very slow and it took 10 months to sell the house. During this time, Jack paid $11,000 in mortgage interest, $2,200 in property taxes, $700 in property insurance, and $900 in utilities on the Regina house. His employer covered the cost of maintaining the house in Regina until it was sold. What was the resulting taxable employment benefit to ack? o $3,800 o $9,800 o $11,000 o $14,800

Explanation / Answer

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Cost of maintaining the house Prepoerty Taxes $2,200 Property Insurance $700 Utilities $900 Cost of maintaining the house $3,800 Option A Is correct $3800

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