Can is $63$ years old and unmarried Ken is $63$ years old and unmarried he retired at age $55$ when he sold his business understock.com though Ken is retired he is still very active can reported the following financial information this year as soon can files as a single taxpayer a can one $$1400$ in an illegal game of poker the game was played in Utah or gambling is illegal be can sold $1200$ chairs of stock for $$32$ a share he inherited the stock two years ago his tax basis or investment in the stock was $$31$ per share can receive $$27,000$ from annuity he purchased eight years ago and he purchased the annuity to be paid annually for $20$ years for $20$ $$226,800$ can receive $$13,500$ and disability benefits for the year he purchased the disability insurance policy last year he can decided to go back to school to learn about European history he received $$700$ cash scholarship to attend he is $$400$ to pay for his books and tuition and he applied the rest for his new car payment F Ken son Mike instructed his employer to make half of his financial paycheck of the year payable to Ken as a gift from Mike Ken can receive the check on December $30$ and the amount of $$1400$ G can receive $$710$ refund of $$3800$ and state income tax taxes his employer health from his pay last year can claim $$13,200$ and itemized deductions last year this standard deduction for a single filer was $$12,950$ and each can receive $$32,000$ of interest from corporate bonds and money market accounts determine Ken's gross income