The following information applies to the questions displayed below.) Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though keni retired, he is still very active. Ken reported the following financial information this year. Assume Ken files as a single a Ken won $1200 in an illegal game of poker (the game was played in Utah, where gambling is illegal) b. Ken sold 1000 shares of stock for $32 a share. He inherited the stock two years ago. His tax basis (or investment in the stock was $31 per share c. Ken received $25.000 from an annuity he purchased eight years ago. He purchased the annuity, to be paid annually for 20 years for $210.000 d. Ken received $13,000 in disability benefits for the year. He purchased the disability insurance policy last year e. Ken decided to go back to school to learn about European history. He received a $500 cash scholarship to attend. He used $300 to pay for his books and tuition, and he applied the rest toward his new car payment. Ken's son, Mike, instructed his employer to make half of his final paycheck of the year payable to Ken as a gift from Mike to Ken. Ken received the check on December 30 in the amount of $1,100. g. Ken received a $610 refund of the $3,600 in state income taxes his employer withheld from his pay last year, Ken claimed $12,050 in itemized deductions last year (the standard deduction for a single filer was $12.000). h. Ken received $30,000 of interest from corporate bonds and money market accounts Determine Ken's gross income Check my work Complete page 2 of Form 1040. Line 16 and Form 1040, Schedule L Lines 122 for en Input all the values as positive numbers. Enter any non financial information, (eg. Name Addresses, social security numbers EXACTLY as they appear in any given information or Problem Statement. Use 2019 tax laws:) 10-10 for a single taxpayer. 1010 PG2 Schedules Page 2 of Form 1010. I Wagus, ates.se Jaden 20 and SI Schedule 1 > The following information applies to the questions displayed below.) Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though keni retired, he is still very active. Ken reported the following financial information this year. Assume Ken files as a single a Ken won $1200 in an illegal game of poker (the game was played in Utah, where gambling is illegal) b. Ken sold 1000 shares of stock for $32 a share. He inherited the stock two years ago. His tax basis (or investment in the stock was $31 per share c. Ken received $25.000 from an annuity he purchased eight years ago. He purchased the annuity, to be paid annually for 20 years for $210.000 d. Ken received $13,000 in disability benefits for the year. He purchased the disability insurance policy last year e. Ken decided to go back to school to learn about European history. He received a $500 cash scholarship to attend. He used $300 to pay for his books and tuition, and he applied the rest toward his new car payment. Ken's son, Mike, instructed his employer to make half of his final paycheck of the year payable to Ken as a gift from Mike to Ken. Ken received the check on December 30 in the amount of $1,100. g. Ken received a $610 refund of the $3,600 in state income taxes his employer withheld from his pay last year, Ken claimed $12,050 in itemized deductions last year (the standard deduction for a single filer was $12.000). h. Ken received $30,000 of interest from corporate bonds and money market accounts Determine Ken's gross income Check my work Complete page 2 of Form 1040. Line 16 and Form 1040, Schedule L Lines 122 for en Input all the values as positive numbers. Enter any non financial information, (eg. Name Addresses, social security numbers EXACTLY as they appear in any given information or Problem Statement. Use 2019 tax laws:) 10-10 for a single taxpayer. 1010 PG2 Schedules Page 2 of Form 1010. I Wagus, ates.se Jaden 20 and SI Schedule 1 >