64. The fair market value of property or services received in bartering must be included in gross income. True False 65. If the taxpayer owns Series E or Series EE bonds and chooses to report the increase in redemption value as interest income each year, the taxpayer must continue to do so for all discount bonds that are owned or obtained later. True False 66. In which of the following situations will the divorced custodial parent be entitled to the dependency exemption for the child? a. The noncustodial parent provides $1,500 of support for the child and the custodial parent provides $1,200. b. The custodial and noncustodial parent both provide $1,500 of support for the child. c. The custodial parent provides $1,500 of support for the child and the noncustodial parent provides $1,200. d. All of the above. 67. Roger Burrows, age 19, is a full-time student at Marshall College and a candidate for a bachelor's degree. During 2021, he received the following payments: State scholarship for tuition $3,600 Loan from college financial aid office Cash support from parents 1,500 3,000 Cash dividends on qualified investments 700 Cash prize award in contest What is Burrow's adjusted gross income for 2021? a. $1,100 b. $1,200 c. $4,800 500 $9,300 d. $9,300 68. Kevin is a candidate for an undergraduate degree at a local university. During 2021, he was granted a fellowship that provided the following: Tuition $18,000 Books and supplies 2,000 Room and board 14,800