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Consider the following letter and answer Shady's question To my friendly student tax preparer Hello, my name is Shady Slim. I understand you are going
Consider the following letter and answer Shady's question To my friendly student tax preparer Hello, my name is Shady Slim. I understand you are going to help me figure out 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 yo can do your thing I was unemployed at the beginning of the year and got $2,000 in unemployment compensation.I later got a job as manager for Roca Cola. I earned $55,000 in base salary this year. My boss gave me a $5,000 Christmas bonus check on December 22. I decided to hold on to that check and not cash it until next year, so l won't have to pay on it this year. Pretty smart, huh? My job's pretty cool. I get a lot of fringe benefits like a membership to the gyn year and all the Roca Cola I can drink, although I can't really drink a whole lot I figure $40 worth that costs $400 a this year As part of my manager duties, I get to decide on certain things like contracts for the company. My good bu 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 this year. I also won about $5,000 over th 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 leg and my left arm. I sued the guy and got $11,000 for my medic expenses, $3,000 to pay my psychotherapist for the emotional problems I had relating to the injuries (I got really This question will be sent to your instructor for grading K Prev 2 of 2 Next arch DELL
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