Can you please make a powerpoint presentation for me with the below information:$69$Slide $1$: Title Slide

Title: Tax Treatment of Income from Leon's Recording Contract

Subtitle: A Tax Analysis

Presenter's Name

Date

Slide $2$: Introduction

Brief overview of the tax issue

Importance of understanding the tax implications of income from Leon's recording contract

Slide $3$: Background Information

Summary of the facts presented in the memo

Introduction of Carline and Leon's situation

Slide $4$: Tax Issues

Clear identification of the tax issues to be addressed

Bullet points listing the two main tax issues

Slide $5$: Gross Income

Explanation of gross income concept under the Internal Revenue Code $($IRC$)61($a$)$

Application of gross income to Carline's situation

Statement that income received by Carline from Leon's recording contract likely constitutes gross income

Slide $6$: Deductions

Explanation of deductions under IRC $162$

Examples of deductible expenses related to promoting Leon's career

Clarification that deductions must meet specific criteria outlined in the tax code

Slide $7$: Conclusion

Summary of key findings

Recommendation for Carline to consult with a tax professional

Importance of maintaining detailed records for tax purposes

Slide $8$: Communication of Results

Instructions for contacting a tax professional

Reminder to maintain records of expenses

Slide $9$: Q&A

Open the floor for any questions from the audience

Slide $10$: Thank You