1. Jeremy, an American citizen, earned $200,000 during 2013 while employed in Switzerland. Jeremy is entitled to the maximum foreign-earned income exclusion. Jeremy also incurred $40,000 of deductible expenses attributable to the foreign-earned income. How much may Jeremy deduct in expenses?

A. $0

B. $19520

C. $20480

D. $40000

2. Marty received a $10,000 football scholarship for attending Northern University. The scholarship covered tuition, room and board, laundry, and books. Four thousand dollars of the scholarship was designated for room and board and laundry. It was understood that Marty would participate in the schools intercollegiate football program, but Marty was not required to do so. What amount(s) must be included in his gross income?

A. $4,000 only B. $10,000 only C. $4,000 and 10,000 D. None

3. Western School of Nursing requires all third-year students to work 20 hours per week at an affiliated hospital. Each student is paid $10 per hour. Nancy, a third-year student earned $10,000 during the year. What amount must be included in Nancys gross income?

A. $10,000 B. $0 C. $20,000 D. $3,000

4. Larry was given a $1,500 tuition scholarship to attend Eastern Law School. In addition, Eastern paid Larry $4,000 per year to work part-time in the campus bookstore. What amount(s) must be included in his gross

A. $1,500 B. $4,000 C. Neither D. Both $1,500 and $4,000