On January 4, 2019, Ralph Stuart, an employee of Hard Manufacturing Inc., enrolled for the spring semester

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On January 4, 2019, Ralph Stuart, an employee of Hard Manufacturing Inc., enrolled for the spring semester at State University where he is a candidate for an undergraduate degree in accounting. His employer reimbursed him for the following expenses: $2,000 for tuition, $600 for books and $100 for transportation to State University. What amount should Ralph exclude from his gross income in 2019?

a. $0

b. $2,000

c. $2,600

d. $2,700

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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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