14. Ron, age 19, is a full-time graduate student at City University. During 2019, he received the following payments:

Cash award for being the outstanding resident adviser $ 1,500

Resident adviser housing 2,500

State scholarship for ten months (tuition and books) 6,000

State scholarship (meals allowance) 2,400

Loan from college financial aid office 3,000

Cash support from parents 2,000

Total $17,400

Ron served as a resident adviser in a dormitory and, therefore, the university waived the $2,500 charge for the room he occupied. What is Rons adjusted gross income for 2019?

a. $1,500.

b. $3,900.

c. $9,000.

d. $15,400.

e. None of these.

15. A scholarship recipient at State University may exclude from gross income the scholarship proceeds used to pay for:

a. Tuition only.

b. Tuition, books, and supplies.

c. Tuition, books, supplies, meals, and lodging.

d. Meals and lodging.

e. None of these.

16. Which of the following items, if any, is deductible?

a. Parking expenses incurred in connection with jury dutytaxpayer is a dentist.

b. Substantiated gambling losses (not in excess of gambling winnings) from state lottery.

c. Contributions to mayors reelection campaign.

d. Speeding ticket incurred while on business.

e. Premiums paid on personal life insurance policy.