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Jarrod receives a scholarship of $18,500 from Riggers University to be used to pursue a bachelors degree. He spends $12,000 on tuition, $1,500 on books
Jarrod receives a scholarship of $18,500 from Riggers University to be used to pursue a bachelors degree. He spends $12,000 on tuition, $1,500 on books and supplies, $4,000 for room and board, and $1,000 for personal expenses.
Jarrod may exclude _______ from his gross income
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