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Jarrod receives a scholarship of $28,000 from Riggers University to be used to pursue a bachelors degree. He spends $16,800 on tuition, $2,800 on books
Jarrod receives a scholarship of $28,000 from Riggers University to be used to pursue a bachelors degree. He spends $16,800 on tuition, $2,800 on books and supplies, $4,200 for room and board, and $1,400 for personal expenses. Jarrod may exclude $______ from his gross income.
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