Taxpayer, age 19, is a full-time graduate student at State University. During 2017, he received the following payments: Income from college financial aid office $
Taxpayer, age 19, is a full-time graduate student at State University. During 2017, he received the following payments:
Income from college financial aid office | $ 1,500 |
Resident adviser housing | 2,500 |
State scholarship for ten months (tuition and books) | 6,000 |
State scholarship (meals allowance) | 2,400 |
Cash award for being the outstanding resident adviser | 3,000 |
Cash support from parents | 2,000 |
| $17,400
|
Taxpayer served as a resident adviser in a dormitory and, therefore, the university waived the $2,500 charge for the room he occupied. What is Taxpayer 's adjusted gross income for 2017?
A. $1,500.
B. $9,000
C. None of these choices are correct.
D. $3,900.
E. $15,400
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