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creditworthy as he claims to be, petitioner would have made some
14 payments before 1991 even began, and the outstanding balance
would have been no more than $235.
Also noteworthy is the fact that on the credit application
for the September 1989 purchase, petitioner represented that he
had been working as a barber/stylist for at least 1 year and 9
months. However, petitioner reported no barber income on his
1988 income tax return.
Moreover, on the credit application for not only the
September 1989 purchase but also for the January 1991 purchase,
petitioner represented that his weekly "take-home" pay for
working as a barber/stylist was $350. "Take-home" pay of $350
per week for 50 weeks amounts to $17,500 for the year. Here it
should be recalled that respondent's determination of
petitioner's barber income was $17,170. It should also be
recalled that respondent's determination was based strictly on an
analysis of petitioner's bank accounts and therefore did not take
into account the cash that petitioner pocketed and did not
deposit.12
12 Although we accept the possibility that petitioner's
sister and cousin may have, on occasion, reimbursed petitioner
for some purchase, see supra note 3, we do not think, and it has
not been shown, that the aggregate amount of any such
reimbursements exceeded the amount of petitioner's barber income
that was pocketed and not deposited and, therefore, not included
in respondent's bank deposits analysis.
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