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Fl e Home Insert Page Layout Formulas Data Revlew View Help Share VJ Comments 04 - 5 x A A | a l c l

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Fl e Home Insert Page Layout Formulas Data Revlew View Help Share VJ Comments 04 - 5 x A A | a l c l D | E | o P | 1_ Information was collected on Dewey Cheatum to see if he is 2_ not reporting all his income, use the Net Worth method to determine 3 whetheryou think Dewey is not being withholdin ' come T :1 _ u i i Information Gathered about Dewey Cheatum 7_ 8 Beginning 2019 During 2019 Ending 2019 9 Cash In Banks 20,000 60,000 E Marketable Securities 70,000 120,000 1 Resdence 400,000 400,000 3 Mortgage on Residence 190,000 180,000 EAutomobile 45,000 45,000 1 Auto Loan 37,000 35,000 E E Salary 120,000 1 Gift from Mother 1,000 K Gain on Security Transactions 18,000 11 Living Expenses and Other Expenditures 82,000 23 2; Applying the above amounts and the Net Worth Method: 22 21 [a] Determine the amount of potential unreported income 2: [h] List what other information or clarifications you may need to solidily your answer for [a] 2i 23 21 Sheen 6-) Ready

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