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Ken is $63$ years old and unmarried. He retired at age $55$ when he sold his business, Understock.com. Though Ken is retired, he is still very active. Ken reported the following financial information this year. Assume Ken files as a single taxpayer.

a$.$ Ken won $\backslash (\backslash$$ $1,300\backslash )$ in an illegal game of poker $($the game was played in Utah, where gambling is illegal$).$

b$.$ Ken sold $1,100$ shares of stock for $\backslash (\backslash$$ $32\backslash )$ a share. He inherited the stock two years ago. His tax basis $($or investment$)$ in the stock was $\backslash (\backslash$$ $31\backslash )$ per share.

c$.$ Ken received $\backslash (\backslash$$ $26,000\backslash )$ from an annuity he purchased eight years ago. He purchased the annuity, to be paid annually for $20$ years, for $\backslash (\backslash$$ $218,400\backslash ).$

d$.$ Ken received $\backslash (\backslash$$ $13,250\backslash )$ 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 a $\backslash (\backslash$$ $600\backslash )$ cash scholarship to attend. He used $\backslash (\backslash$$ $350\backslash )$ to pay for his books and tuition, and he applied the rest toward his new car payment.

f$.$ Ken's son, Mike, instructed his employer to make half of his final paycheck of the year payable to Ken as a gift from Mike to Ken. Ken received the check on December $30$ in the amount of $\backslash (\backslash$$ $1,250\backslash ).$

g$.$ Ken received a $\backslash (\backslash$$ $660\backslash )$ refund of the $\backslash (\backslash$$ $3,700\backslash )$ in state income taxes his employer withheld from his pay last year. Ken claimed $\backslash (\backslash$$ $14,000\backslash )$ in itemized deductions last year $($the standard deduction for a single filer was $\backslash$$$13,850).$

h$.$ Ken received $\backslash (\backslash$$ $31,000\backslash )$ of interest from corporate bonds and money market accounts.

Comprehensive Problem $5-75$ Part$-1($Algo$)$

$1.$ Determine Ken's gross income.

Gross income

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