QUESTION 22 Ken is 43 years old, unmarried, and files as a single taxpayer. Ken reported the following financial information this year. Determine the effect of each item on Ken's gross income (put zero if excluded): Ken sold his personal residence for $350,000 during the year. He purchased the house many years ago for $165,000, and he lived in it continuously since he purchased it. QUESTION 23 Ken is 43 years old, unmarried, and files as a single taxpayer. Ken reported the following financial information this year. Determine the effect of each item on Ken's gross income (put zero if excluded): Ken went back to school to learn about European history. He received a $5,500 scholarship of which $3,000 was used to pay for his tuition and the rest was applied towards a new car.