Adrian was awarded an academic scholarship to State University for the 2018-2019 academic year. He received $6,500

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Adrian was awarded an academic scholarship to State University for the 2018-2019 academic year. He received $6,500 in August and $7,200 in December 2018. Adrian had enough personal savings to pay all expenses as they came due. Adrian’s expenditures for the relevant period were as follows:

Tuition, August 2018 ........................$3,700
Tuition, January 2019 .........................3,750
Room and board
August-December 2018 ....................2,800
January-May 2019 ..............................2,500
Books and educational supplies
August-December 2018 ....................1,000
January-May 2019 ..............................1,200

Determine the effect on Adrian s gross income for 2018 and 2019.

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Adrian received a total of 13700 and spent 9650 3700 3750 1000 1200 on tuition books and s...View the full answer

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South-Western Federal Taxation 2019 Comprehensive

ISBN: 9781337703017

42th Edition

Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young

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Question Posted: Jun 02, 2019 08:17 AM

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Adrian was awarded an academic scholarship to State University for the 2018-2019 academic year. He received $6,500

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Adrian received a total of 13700 and spent 9650 3700 3750 1000 1200 on tuition books and s...View the full answer

South-Western Federal Taxation 2019 Comprehensive

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