Walters, an individual, received the following in 2017: W2 income .............................................................................. $10,000 Federal tax refund for 2016

Question:

Walters, an individual, received the following in 2017:

W–2 income .............................................................................. $10,000
Federal tax refund for 2016 ................................................... 1,250

Scholarship stipend, in return for teaching assistant
duties performed ..................................................................... 25,000
Cash inheritance from deceased great-uncle ....................... 5,000

Considering only the above, what is Walters’ 2017 gross income?
a. $35,000
b. $36,250
c. $15,000
d. $16,250

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