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What is Ron's adjusted gross income for 2014

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Ron, age 19, is a full-time graduate student at City University and Resident Adviser. During 2014, he received the following payments;Cash award for being the outstanding resident adviser $1,500;State scholarship for ten months (tuition and books) $6,000;State scholarships (meals allowance) $2,400;Loan from college financial aid office $3,000;Cash support from parents $2,000;Total $17,400;Ron's rent in the dormitory where he lived would have been $5,000 for the year. What is Ron's adjusted gross income for 2014?

 

Paper#23588 | Written in 18-Jul-2015

Price : $27
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