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Question 6:Roger, age 19, is a full-time graduate student at State College. During 2018, he received the following payments. What is his taxable income: State

Question 6:Roger, age 19, is a full-time graduate student at State College. During 2018, he received the following payments. What is his taxable income:

State scholarship for ten months (tuition and books)

$3,600

Loan from college financial aid office

1,500

Cash support from parents

3,000

Cash prize awarded in contest

500

$8,600

Group of answer choices

$8,600

$500

$2,900

$4,100

*******************************************************************

Question 8: Early in the year, Mike was in an automobile accident during the course of his employment. As a result of the injuries he sustained, he received the following payments during the year:

Workers compensation benefit

$5,000

Reimbursement of medical expenses from the companys group medical insurance plan

15,000

Regular salary under the companys sick pay plan

10,000

Punitive Damages 20,000

What is the amount that Mike must include in gross income for the current year?

Group of answer choices

$30,000

50,000

$35,000

20,000

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