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1098-E) - Books: $1,100 - Rent: $14,000 It is now time for Jay to complete his tax return. Jay is 28 years old and is

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1098-E) - Books: $1,100 - Rent: $14,000 It is now time for Jay to complete his tax return. Jay is 28 years old and is in a relationship with Sandra, planning to get married next year. Which of the following income items are reported as Jay's gross income? 1. Wages: $40,000 (as reported on his W2) II. Employer provided tuition assistance: $5,000 III. Scholarship: $6,000 Iv. Student loan proceeds: $8,000 v. Gift from his grandmother: $1,000 I only

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