Toshiomi Works as a Sales Representative and Travels Extensively for His

question 26

Essay

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: $$\begin{array} { | l | r | } \hline \text { Air fare } & \$ 1,300 \\\hline \text { Lodging } & 750 \\\hline \text { Meals } & 600 \\\hline \text { Cab fare } & 220 \\\hline\end{array}$$ 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 taxable income if he files single with one personal exemption.

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Definitions:

Kant

Immanuel Kant, an 18th-century German philosopher known for his work in epistemology, ethics, and metaphysics.

Free Actions

Actions performed voluntarily without external coercion or determination, reflecting the agent's own choice or free will.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint.

Intrinsic

Referring to something that is inherent or essential to the nature of something else, often used to describe values or properties that are an integral part of an object or concept.