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13. Ellen received a $20,000 scholarship to Aiken money. $20,000 scholarship to Aiken University for her outstandinerades. Elle paid for the following items Tuition $10,000

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13. Ellen received a $20,000 scholarship to Aiken money. $20,000 scholarship to Aiken University for her outstandinerades. Elle paid for the following items Tuition $10,000 Books $ 400 School supplies $ 100 Rent $ 4,500 Food $ 5.000 How much of the $20,000 is excluded from Ellen's gross income? a $10,400 b. $20,000 c. $15,500 d. $10,500 16. Amold's employer provides group term life insurance to all of its employees. After applying a formula, Amold was entitled to $100,000 of insurance. Arnold is 57 years old. Using the table below, determine how much Arnold must include in his gross Income as a result of the insurance provided. (Page 4-10) Includable income per Employee's Age $1.000 annually 50 to 54 $2.76 55 to 59 $5.16 a. Cannot be determined b. $258 c. $516 d. $100,000 17. Jack lost his job and received $4,000 of unemployment benefits in 2018. In 2019, he found a job driving a truck. He strained his back unloading the truck and was out of work for a month. He received $1,000 from a disability policy he had bought. What is the taxable effect of the foregoing transactions on Jack's gross income? a b. c. d. 2018 $4,000 S -0- $4,000 $ -- 2012 $ -0- $ -0- $1,000 $1,000

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