d. If Betty lives to collect only 60 payments before her death, she will report a S6,000 loss from the annuity [$24,000 - (60 * $300) - $6,000) on her final return. e. None of these. 37. The taxpayer is a Ph.D. student in accounting at City University. The student is paid $1,500 per month for teaching two classes. The total amount received for the year is $13,500. 2. The $13,500 is excludible if the money is used to pay for tuition and books. b. The $13,500 is taxable compensation. c. The $13,500 is considered a scholarship and therefore, is excluded. d. The $13,500 is excluded because the total amount received for the year is less than her standard deduction and