Federal Tax Research 10th Edition by Steven Gill, Gerald Whittenburg, Roby Sawyers, Debra Sanders, William Raabe

Exercise 66

Jill received a research grant from the University of Minnesota for $10,000 for her time and $3,000 for related supplies and expenses. She purchased a $28,000 Audi the day after depositing the university's check. Jill is a candidate for a master's degree in philosophy and ethics. What is her gross income from the grant