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Steve works as a DJ for $ 3 5 , 0 0 0 a year, He also gives his time to charity by volunteering at

Steve works as a DJ for $35,000 a year, He also gives his time to charity by volunteering at the local community center. In return for Steves services, they gave Steve a car with a fair market value (FMV) of $2,000. Steve also pays $7,000 a year in rent, $4,000 for groceries, and $1,500 for utilities. Plus, he gives his parents an annual allowance of $5,000 a year. Using the information given, answer the following below:

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