Problem
On August 15, 2019, Annie and Johnny Matthews sign a separation agreement that calls for Annie to pay Johnny $1300 per month in child support (Johnny will have custody of their 3 children) and $2,000 per month in spousal support beginning September 1. During 2019, Annie ends up paying only $8800 total in the remaining four months in 2019. What amount of support is deductible in 2019 to Annie and taxable to Johnny?
On July 3, 2019, at the request of her employer, Ms. Minnie Martin moves from Nova Scotia to Saskatchewan. She has always lived in a rented apartment and will continue to do so in Saskatchewan. The cost of the actual move, including the cost of moving her personal possessions, was $6000. In addition, she spent $11400 on a separate house hunting visit to Saskatchewan in a search for appropriate accommodation, and $1,000 as a penalty for breaking her lease in Nova Scotia. During the year, her salary totaled $50,000, of which $28000 can be allocated to the period after July 3, 2019. What is her maximum moving expense deduction for 2019?
Mr. And Mrs. Claus have two children. The ages of the children are 3 and 13. All the children are in good mental and physical health. During the current year, Mr. Claus has net employment income of $52000, after the deduction of employment expenses of $6,000. Mrs. Claus has net business income during this period of $80,000, after deducting business expenses of $15,000. The child care costs for the current year, all properly documented for tax purposes, are $28000. Determine the maximum deduction for child care costs that Mr. Claus should claim.
Ms. Suzanne Morphy is a full time architect. She is also sells vegetables on the side from a small farm she runs in her backyard. In 2018, the first year of operation, she had a loss of $37500 and deducted the maximum allowable amount. What is the amount of her farm loss carryover to future years that can be applied against future farm income?