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Adrian was awarded an academic scholarship to State University for the 20182019 academic year. He received $6,500 in August and $7,200 in December 2018. Adrian
Adrian was awarded an academic scholarship to State University for the 20182019 academic year. He received $6,500 in August and $7,200 in December 2018. Adrian had enough personal savings to pay all expenses as they came due. Adrians expenditures for the relevant period were as follows:
Tuition, August 2018 | $3,700 |
Tuition, January 2019 | 3,750 |
Room and board | |
AugustDecember 2018 | 2,800 |
JanuaryMay 2019 | 2,500 |
Books and educational supplies | |
AugustDecember 2018 | 1,000 |
JanuaryMay 2019 | 1,200 |
Determine the effect on Adrians gross income for 2018 and 2019.
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