Jack J. Kramer - Page 76

                                                         - 76 -                                                                         
                                                         Table 15                                                                       
                                                 Income Calculation--1987                                                               

      Amount                            Explanation                                                                                     
      Wages                         $17.000.00                                                                                          
      Interest                          388.00                                                                                          
      Unexplained bank deposits      36,088.00                        1. Amount stipulated by the parties (see                          
                                                                          explanation in Table 14).                                     
      Total income                                53,476.00                                                                             

      Stipulated deductions         (23,394.00)                           1. The deductions listed herein were                          
                                                                          either stipulated or drawn from the notice                    
                                                                          of deficiency for tax years 1986 and 1987.                    
      Real property taxes             6,594.00                                                                                          
      Mortgage interest              13,000.00                                                                                          
      Personal exemptions             3,800.00                        2. Two exemptions.                                                

      (23,394.00)                                                                                                                       
      Taxable Income                              30,082.00                                                                             















Page:  Previous  57  58  59  60  61  62  63  64  65  66  67  68  69  70  71  72  73  74  75  76  

Last modified: May 25, 2011