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[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

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[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 Ken is retired, he is still very active. Ken reported the following financial information this year Assume Ken fles as a single taxpayer. a. Ken won \$1,200 in an iliegal game of poker (the game was played in Utah. Where gambling is ilegal). b. Ken soid 1.000 shares of stock for $32 a shate. He inherited the stock two years ago His tax basis (or imvestment in the stock was 331 per share. c. Ken recelved $25,000 trom an annuity he purchased eightyears ago He purchased the annuity, to pe paid annually for 20 years. for $210,000 d. Ken recelved $13,000 in disability benefits for the year. He purchesed the disability insurance policy lastyear 6. Ken decided to go back to school to learn about European history He recerved $500 cash scholarship to attend. He used $300 to pay for his books and tuition. and he applied the rest toward his bew cor poyment 2. Ken's son. Mike, instructeo his employer to make holf of his final paycheck of the year payable to Kem as a gift from Mike to Ken. Ken received the check on December 30 in the bmount of $1,100 9. Ken received a $610 refund of the $3,600 in state income taxes h ts empioyer whitheid from his pay last year. Ken claimed $12,600 in itemized deductions ibst year ithe sanderd deduction for a single filer wos 512,550) 7. Ken received $30,000 of interest from corporate bonds and money market accounts. 2 Comprete page 1 of Form 1040 itrough line 9) for ken. Wialt the IRS website and downlod Farm 1040 , Enter the requled values in the appropilate fieldis Ute 2022 iax. rutes regardiest of the year on the for to vour comouter end then ublond it here bv cilckne "growse. Next, eliek "save

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