Tax Return Preparation:\ Sonny Shine Sr. (222-33-1234) is single and lives at 425 UNI Way, Cedar Falls, lowa, 50613. Sonny has a 7-year-old son, Sonny Jr. (222-33-7654), who lived with him all year, and Sonny Sr. provided

100%

of his support. This year, Sonny paid

$7,500

in alimony to his ex-wife, Sherry (333-44-4567). The divorce was finalized on June 10,2019. During the year, Sonny received the following:

$75,000

in wages, an inheritance of

$55,000

from his uncle,

$2,500

interest from savings,

$2,000

interest from municipal bonds, and he contributed

$6,000

to a traditional IRA account. Sonny Sr. can claim a

$2,000

child tax credit for Sonny Jr. Sonny Sr. paid

$7,000

in charitable contributions to his church and

$3,500

in state income taxes. He paid a total of

$8,050

in federal income tax withholdings during the year.\ NOTE: Use

2023_()

(standard deduction, tax rate schedule) for all calculations.\ a. What is Sonny's realized income?

Tax Return Preparation: Sonny Shine Sr. (222-33-1234) is single and lives at 425 UNI Way, Cedar Falls, lowa, 50613. Sonny has a 7-year-old son, Sonny Jr. (222-33-7654), who lived with him all year, and Sonny Sr. provided 100% of his support. This year, Sonny paid $7,500 in alimony to his ex-wife, Sherry (333-44-4567). The divorce was finalized on June 10, 2019. During the year, Sonny received the following: $75,000 in wages, an inheritance of $55,000 from his uncle, $2,500 interest from savings, $2,000 interest from municipal bonds, and he contributed $6,000 to a traditional IRA account. Sonny Sr. can claim a $2,000 child tax credit for Sonny Jr. Sonny Sr. paid $7,000 in charitable contributions to his church and $3,500 in state income taxes. He paid a total of $8,050 in federal income tax withholdings during the year. NOTE: Use 2023 (standard deduction, tax rate schedule) for all calculations. a. What is Sonny's realized income