The check is a cash equivalent. The employer, as principal, must recognize the income when his agent, the employee, collected it in 2023. What are the possible tax consequences of these transactions? Explain each transaction During the year, a taxpayer involved in the following transaction:

a) Paid for dependent grandfather's funeral expenses. 

b) Paid premiums on her dependent daughter's life insurance

c) Borrowed money from a bank to make a down payment on an automobile 

d) Received a refund from the IRS due to overpayment on last year's income tax return 

e) Paid a traffic ticket for double parking while attending to a business meeting 

f) Paid for her neighbor dental bills, due to his neighbor is unemployed 

g) Lost money gambling at a local casino 

h) Sold a camper and a houseboat. Both items were for personal use and the gain from one offset