Trevor, a friend of yours from high school, works as a server at the st café. he asks you to him prepare his federal income tax return. when you inquire about why his bank deposits substantially exceed his tip income, he confides to you that he is a bookie on the side. trevor then provides you with the following documented income and expenses for the year: tip income $16,000 gambling income 52,000 gambling expenses payouts to winners 29,000 employee compensation 8,000 bribe to police officer who is aware of trevor's bookie activity 7,500