Question
Kobe, age 19, is a full-time student at State College and a candidate for a bachelor's degree. During 2009, he received the following payments: Wages
Kobe, age 19, is a full-time student at State College and a candidate for a bachelor's degree. During 2009, he received the following payments:
Wages $3,000
State scholarship for 10 months (tuition and books) $5,000
Loan from college financial aid office $2,750
Cash support from parents $2,500
Cash dividends $1,500
Cash prize awarded in contest $1,250
What is Kobe's adjusted gross income for 2009?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
