Toshiomi works as a sales representative and travels extensively for his employer's business.This year Toshiomi was paid $75,000 in salary and made the following expenditures:
State ircorre taxes withineld $\$ 6,300$
Employee business expenses (urreimbursed portion) 1,450
Charitable contributions 200
Irvestrnent counseling fees 780
Tax preparation fee 310
Toshiomi also made a number of trips to Las Vegas for gambling.This year Toshiomi won $12,000 in a poker tournament and this amount was almost enough to offset his other gambling losses ($13,420).Calculate Toshiomi's taxable income if he files single with one personal exemption.

Question

Toshiomi works as a sales representative and travels extensively for his employer's business.This year Toshiomi was paid $75,000 in salary and made the following expenditures:
 State ircorre taxes withineld                                      $\$ 6,300$
Employee business expenses (urreimbursed portion)                      1,450
Charitable contributions                                                  200
Irvestrnent counseling fees                                              780
Tax preparation fee                                                           310
 Toshiomi also made a number of trips to Las Vegas for gambling.This year Toshiomi won $12,000 in a poker tournament and this amount was almost enough to offset his other gambling losses ($13,420).Calculate Toshiomi's taxable income if he files single with one personal exemption.

Quizplus · Accepted Answer

The Answer of Toshiomi works as a sales representative and travels extensively for his employer's business.This year Toshiomi was paid $75,000 in salary and made the following expenditures:
 State ircorre taxes withineld                                      $\$ 6,300$
Employee business expenses (urreimbursed portion)                      1,450
Charitable contributions                                                  200
Irvestrnent counseling fees                                              780
Tax preparation fee                                                           310
 Toshiomi also made a number of trips to Las Vegas for gambling.This year Toshiomi won $12,000 in a poker tournament and this amount was almost enough to offset his other gambling losses ($13,420).Calculate Toshiomi's taxable income if he files single with one personal exemption.

Toshiomi Works as a Sales Representative and Travels Extensively for His