Jerry Fleetwood, age 19, is a full time student at Gordon College of Accounting and is a candidate for a bachelors degree. Jerry is unmarried and has no dependents. Jerry is claimed as a dependent on his parents income tax return. During the current tax year Jerry received the following amounts: Loan from Financial Aid Office $1,000 Cash gift from parents $240 Wages from part time job $5,275 Cash prize received $2,150 Scholarship - Tuition $2,400 Scholarship - Room & Board $4,000 Cash dividends received (Qualified) $500

Adjusted Gross Income?

Standard Deduction?

Taxable Income?