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Table 5
Income Calculation--1985
Amount Explanation
Wages $32,199.00
Interest 11,777.00
State income tax refund 3,468.00
Unexplained bank deposits 29,480.75 1. From Table 4.
Total income 76,924.75
Stipulated deductions (28,044.00) 2. All deductions listed herein either
stipulated by the parties or drawn from the
notice of deficiency for tax year 1985.
Contributions 2,733.00
Sales tax 747.00
Real property taxes 3,483.00
Mortgage interest 21,501.00
Zero Bracket Amount (3,540.00) 3. Reduction in allowable itemized deductions as
calculated in the notice of deficiency for tax
year 1985.
Personal exemptions 3,120.00 4. Three personal exemptions allowed in the
notice of deficiency.
(28,044.00)
Taxable Income 48,880.75
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