(5 points) Ray works as an independent contractor (self-employed sole proprietor) for local businesses on weekends, and he often provides services in exchange for property. All of the following happened during 2017: 3. . Ray provided landscaping services in exchange for $1,275 of car repair services $3,570 of groceries, and cash of $4,000. The cash was mailed to Ray in the form of a check on December 15, 2017. Ray, however, was out of town for the entire month of December. When he checked his mail on January 1, 2018, the check was there. Ray also received a gift card in exchange for services he provided that could only be used for $850 worth of clothing at a local mall shop. During 2017, Ray only redeemed $100 worth of merchandise on the gift card. Ray had a total of $6,500 worth of legitimate business expenses during 2017, none of which were considered Cost of Goods Sold. Determine Ray's gross income assuming that he uses the cash basis of accounting. ints) Tim, age 16, is a dependent of his parents. During 2017, Tim's earned income from wages was $3,600. He also received $3,000 of taxable interest income. His parents marginal tax rate is 28%. Compute Tim's total tax liability for 2017, including the portion that is considered "kiddie" tax. Clearly label your work