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arrod receives a scholarship of $28,000 from Riggers University to be used to pursue a bachelor's degree. He spends $16,800 on tuition, $1,400 on books and supplies, $5,600 for room and board, and $4,200 for personal expenses.How much may Jarrod exclude from his gross income?

Respuesta :

chamberlainuket

Answer:

$19600

Explanation:

jarrod will exclude the amount of $16,800 + $2,800 = $ 19,600 from his gross income because since the fees, books, supplies, and equipment required for courses are excludable.

abiolataiwo2015

Answer:

$18,200

Explanation:

He spends $16,800 on tuition + $1,400 on books and supplies

Hence:

$16,800+ $1,400=$ 18,200

Jarrod will exclude $18,200 from his gross income since the fees, books, supplies, and equipment required for courses are excludable which was why he will exclude the amount spent on tuition as well as the amount spent on books from his gross income.

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