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  3. a taxpayer moved over 500 miles at the request of

A taxpayer moved over 500 miles at the request of the taxpayer's employer, a major...

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Accounting

A taxpayer moved over 500 miles at the request of the taxpayer's employer, a major
oil and gas company. The taxpayer incurred and paid ordinary moving costs to
transport personal property during the move. The taxpayer's employer
reimbursed 100% of those costs. How will this move affect the taxpayer's taxable
income for the year?
The reimbursement increases taxable income, and the expenses are not deductible.
The reimbursement is excluded from taxable income, and the expenses are deductible.
The reimbursement is excluded from taxable incopre, and the expenses are not
deductible.
The reimbursement increases taxable income, and the expenses are deductible.
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