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Trevor, a friend of yours from high school, works as a server at the ST Cafe. He asks you to help him prepare his Federal

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Trevor, a friend of yours from high school, works as a server at the ST Cafe. He asks you to help him prepare his Federal income tax return. When your inquire about why his bank, deposits substantially exceed his tip income, he confides to you that be is a bookie on the side. Trevor then provides you with the following documented income and expenses for the year. a. How will these items affect Trevor's AGI (ignore the impact of self-employment taxes)? b. His taxable income (ignore the impact of self-employment taxes)? Trevor, a friend of yours from high school, works as a server at the ST Cafe. He asks you to help him prepare his Federal income tax return. When your inquire about why his bank, deposits substantially exceed his tip income, he confides to you that be is a bookie on the side. Trevor then provides you with the following documented income and expenses for the year. a. How will these items affect Trevor's AGI (ignore the impact of self-employment taxes)? b. His taxable income (ignore the impact of self-employment taxes)

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