chased the annuity, to be paid annually tor z d) Ken received $13,000 in disability benefits for the year. He p e) Ken decided i the disability insurance policy last year to go back to school to learn about European history. He received a cash scholarship to attend. He used $300 to pay for his books and tuition, and he applied the rest toward his new car payment. s son, Mike, instructed his employer to make half of his final paycheck of year payable to Ken as a gift from Mike to Ken. Ken received the check on 30 in the amount of $1,100 g) Ken received a s$610 refund of the $3,600 in state income taxes his employer withheld from his pay last year. Ken claimed $6.400 in itemized deductions last year (the standard deduction for a single filer was $6.350). h) ken received $30,000 of interest from corporate bonds and money market accounts. 6 Consider the following letter and answer Shady's question To my friendly student tax preparer: tax forms Hell out o, my name is Shady Slim. I understand you are going to help me figure my gross income for the year.. . whatever that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing was unemployed at the beginning of the year and got $2.000 in unemployment compensation. I later got a job as a manager for Roca Cola. I earned $55,000 in base sala bonus check on December 22. I decided to hold on to that check and not cash it until next year, so I won't have to pay taxes on it this year. Pretty smart, huh? My job's pretty cool. I get a lot of fringe benefits like a membership to the gym that costs $400 a year and all the Roca Cola I can drink, although I can't really drink a whole lot-I figure $40 worth this year As part of my manager duties, I get to decide on certain things like contracts for the company. My good buddy, Eddie, runs a bottling company. I made sure that he won the bottling contract for Roca Cola for this year (even though his contract wasn't quite the best). Eddie bought me a Corvette this year for being such a good friend. The Corvette cost $50,000 and I'm sure he bought it for me out of the goodness of his heart. What a great guy! Here's a bit of good luck for the year. Upon leaving my office one day, I found $8,000 lying in the street! Well, one person's bad luck is my good luck, right? I like to gamble a lot. I won a $27,000 poker tournament in Las Vegas thi year. I also won about $5,000 over the year playing the guys at our Friday night poker game. Can you believe that I didn't lose anything this year? Speaking of the guys, one of them hit me with his car as we were leaving the game one night. He must have been pretty ticked that he lost! I broke my right chased the annuity, to be paid annually tor z d) Ken received $13,000 in disability benefits for the year. He p e) Ken decided i the disability insurance policy last year to go back to school to learn about European history. He received a cash scholarship to attend. He used $300 to pay for his books and tuition, and he applied the rest toward his new car payment. s son, Mike, instructed his employer to make half of his final paycheck of year payable to Ken as a gift from Mike to Ken. Ken received the check on 30 in the amount of $1,100 g) Ken received a s$610 refund of the $3,600 in state income taxes his employer withheld from his pay last year. Ken claimed $6.400 in itemized deductions last year (the standard deduction for a single filer was $6.350). h) ken received $30,000 of interest from corporate bonds and money market accounts. 6 Consider the following letter and answer Shady's question To my friendly student tax preparer: tax forms Hell out o, my name is Shady Slim. I understand you are going to help me figure my gross income for the year.. . whatever that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing was unemployed at the beginning of the year and got $2.000 in unemployment compensation. I later got a job as a manager for Roca Cola. I earned $55,000 in base sala bonus check on December 22. I decided to hold on to that check and not cash it until next year, so I won't have to pay taxes on it this year. Pretty smart, huh? My job's pretty cool. I get a lot of fringe benefits like a membership to the gym that costs $400 a year and all the Roca Cola I can drink, although I can't really drink a whole lot-I figure $40 worth this year As part of my manager duties, I get to decide on certain things like contracts for the company. My good buddy, Eddie, runs a bottling company. I made sure that he won the bottling contract for Roca Cola for this year (even though his contract wasn't quite the best). Eddie bought me a Corvette this year for being such a good friend. The Corvette cost $50,000 and I'm sure he bought it for me out of the goodness of his heart. What a great guy! Here's a bit of good luck for the year. Upon leaving my office one day, I found $8,000 lying in the street! Well, one person's bad luck is my good luck, right? I like to gamble a lot. I won a $27,000 poker tournament in Las Vegas thi year. I also won about $5,000 over the year playing the guys at our Friday night poker game. Can you believe that I didn't lose anything this year? Speaking of the guys, one of them hit me with his car as we were leaving the game one night. He must have been pretty ticked that he lost! I broke my right