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1. Jarrod receives a scholarship of $38,800 from Riggers University to be used to pursue a bachelor's degree. He spends $23,280 on tuition, $1,940 on

1. Jarrod receives a scholarship of $38,800 from Riggers University to be used to pursue a bachelor's degree. He spends $23,280 on tuition, $1,940 on books and supplies, $7,760 for room and board, and $5,820 for personal expenses.

Jarrod may exclude $________ from his gross income.

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