Question

Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year... whatever that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a job as a manager for Roca Cola. I earned $56,500 in base salary this year. My boss gave me a $5,600 Christmas bonus check on December 22. I decided to hold on to that check and not cash it until next year, so I won't have to pay taxes on it this year. Pretty smart, huh? My job's pretty cool. I get a lot of fringe benefits like a membership to the gym that costs $430 a year and all the Roca Cola I can drink, although I can't really drink a whole lot-I figure $40 worth this year. As part of my manager duties, I get to decide on certain things like contracts for the company. My good buddy, Eddie, runs a bottling company. I made sure that he won the bottling contract for Roca Cola for this year (even though his contract wasn't quite the best). Eddie bought me a Corvette this year for being such a good friend. The Corvette cost $56,000 and I'm sure he bought it for me out of the goodness of his heart. What a great guy! Here's a bit of good luck for the year. Upon leaving my office one day, I found $8,300 lying in the street! Well, one persons bad luck is my good luck, right? I like to gamble a lot. I won a $27.900 poker tournament in Las Vegas this year. I also won about $5,120 over the year playing the guys at our Friday night poker game. Can you believe that I didn't lose anything this year? Speaking of the guys, one of them hit me with his car as we were leaving the game one night. He must have been pretty ticked that he lost! I broke my right leg and my left arm. I sued the guy and got $12,200 for my medical expenses, $3,300 to pay my psychotherapist for the emotional problems I had relating to the injuries (l got really depressed!), and I won $12,600 in punitive damages. That'll teach him that he's not so tough without his car! Another bit of bad luck. My uncle Monty died this year. I really liked the guy, but the $230,000 inheritance I received from him made me feel a little better about the loss. I did the smart thing with the money and invested it in stocks and bonds and socked a little into my savings account. As a result, I received $630 in dividends from the stock, $230 in interest from the municipal bonds, and $330 in interest from my savings account. My ex-wife, Alice, is still paying me alimony. She's a lawyer who divorced me in 2015 because I was "unethical' or something like that. Since she was making so much money and I was unemployed at the time, the judge ruled that she had to DAV ME alimony Isn't that somethina? She sent me $3600 in Alimony Davments this vear She still kind of likes me

Answer 1

Unemployment Compensation	2000
Salary	56500
Christmas Bonus-Check	5600
Gym membership	430
Corvette	56000
Found Money	8300
Gambling Winnings (27900+5120)	33020
Punitive Damages from Lawsuit	12600
Dividends	630
Savings Account Interest	330
Alimony	3600
Total Gross income	$179010