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Toshiomi Works as a Sales Representative and Travels Extensively for His

Question 19

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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:
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: 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 2019 taxable income if he files single. 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 2019 taxable income if he files single.

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$68,500.
$68,500 = ($75,000 salary + $12...

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