Jack J. Kramer - Page 70

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                                                         Table 10                                                                       
                                                 Income Calculation--1986                                                               

      Amount                           Explanation                                                                                      
      Wages                         $34,020.00                                                                                          
      Interest                        7,922.00                                                                                          
      Unexplained bank deposits      99,077.39                            1. From Table 9.                                              
      Total income                               141,019.39                                                                             

      Stipulated deductions         (31,362.92)                           1. All deductions listed herein were                          
                                                                          either stipulated by the parties or drawn                     
                                                                          from the notice of deficiency for tax                         
                                                                          years 1986 and 1987.                                          
      Real property taxes             3,104.00                                                                                          
      Mortgage interest              21,366.00                                                                                          
      Personal interest deduction     4,732.92                                                                                          
      Personal Exemptions             2,160.00                            2. Two exemptions.                                            
      (31,362.92)                                                                                                                       
      Taxable Income                             109,656.47                                                                             

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