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Requirea information [The following information applies to the questions displayed below.) Consider the following letter and answer Shady's question To my friendly student tax preparer

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Requirea information [The following information applies to the questions displayed below.) 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 you 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 a 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 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 lori 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 camble a lot. I won a $27.000 poker tournament in Las Vegas this vear. I also won about $5.000 over the

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