Buddy Bushey is a student at a local community college. This year, he received a $20,000 living
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Buddy Bushey is a student at a local community college. This year, he received a $20,000 living allowance from his parents and an $11,500 academic scholarship from a civic club. This scholarship paid $8,200 for Buddy’s tuition, $1,300 for his text books, and $2,000 for his commuting expenses. Buddy also won $5,000 playing the Texas state lottery. Compute Buddy’s AGI.
Assume the taxable year is 2018.
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Related Book For
Principles Of Taxation For Business And Investment Planning 2019 Edition
ISBN: 9781260161472
22nd Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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