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IRS Adapted Problem. Mr. Hines received a $6, 200 grant from a local university for the fall of 2016. Mr. Hines was a candidate for
IRS Adapted Problem. Mr. Hines received a $6, 200 grant from a local university for the fall of 2016. Mr. Hines was a candidate for a degree, and was required to be a research assistant, for which services he received payment under the grant. The $6, 200 grant provided the following: Mr. Hines spent the entire $6, 200 on tuition, books, and supplies. What amount must Mr. Hines include in his income for 2016? a. $2, 100 b. $2, 600 c. $3, 200 d. $3, 600
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