a. Ken won $1,200 in an illegal game of poker (the game was played in...
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a. Ken won $1,200 in an illegal game of poker (the game was played in Utah, where gambling is illegal). b. Ken soid 1,000 shares of stock for $32 a share. He inherited the stock two years ogo. His tax basis (or investment) in the stock was $31 per share. c. Ken recelved $25,000 from an annuity he purchased eight years ago. He purchosed the annuity, to be paid annually for 20 years, for $210,000. d. Ken received $13,000 in disability benefits for the year. He purchased the disability insurance policy last year. e. Ken decided to go back to school to learn about European history. He received o $500 cash scholarship to ortend He used $300 to pay for his books and tuition, and he applied the rest toward his new car payment. f. Ken's 50 , Mike, instructed his employer to make half of his final paycheck of the year payable to Ken as a gift fromi Mike to Ken. Ken received the check on December 30 in the amount of $1,100. 9. Ken received a $610 refund of the $3,600 in state income taxes his employer withheld from his pay last yeac Ken claimed $13,000 in itemized deductions last year (the standard deduction for a single filer was $12,950 ) h. Ken recelved $30,000 of interest from corporate bonds and money market occounts. 2. Complete page 1 of Form 1040 (through line 9) for Ken: Visit the IRS webstie snd downtond Form 1040. Enter the required values in the oppropriate fieldo. Use 2023 tax rules regardiess of the year on the form. Save your completed Tox Form to your computer and then upload it here by clicking "Browse." Next, click "Save



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