Mr. Leff received a $6,200 grant from a local university for the fall of 2019, Mr. Leff

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Mr. Leff received a $6,200 grant from a local university for the fall of 2019, Mr. Leff was a candidate for a degree, and was required to be a research assistant, for which services he received payment under the grant. The

$6,200 grant provided the following:

image text in transcribed

Mr. Leff spent the entire $6,200 on tuition, books, and supplies. What amount must Mr.
Leff include in his income for 2019?
a..°$2;100

b. $2,600

c. $3,200

d. $3,600

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 18, 2024 07:28 AM

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Mr. Leff received a $6,200 grant from a local university for the fall of 2019, Mr. Leff

Question:

Tuition Books and supplies Pay for services as research assistant $3,600 500 2,100

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Answer The amount Mr Leff must include in his income for 2019 is ...View the full answer

CCH Federal Taxation Basic Principles 2020

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