Ken is 63 years old and unmarried. he retired at age 55 when he sold his business, understock. though ken is retired, he is still very active. ken reported the following financial information this year. assume ken files as a single taxpayer. determine ken’s gross income and complete page 2 of form 1040.(a) ken won $1,200 in an illegal game of pocker(b) ken sold 1000 shares of stock for $32 a share. he inherited the stock two years ago. his tax basis in the stock was $31 per share(c) ken received $13000 in disability benefits for the year. he purchased the disability insurance policy last year

In a chapter 7 bankruptcy, a debtor:

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60