Twenty-year old Helen is a full-time student at Gordon College and is a candidate for a bachelor's degree.During 2011,she received the following amounts: Loan from college financial aid office $1,200
Cash support from parents 2,000
Ordinary cash dividend 600
Cash prize awarded in contest 200
Tuition scholarship 2,500
What is her adjusted gross income for 2011?
A) $6,500
B) $4,500
C) $3,300
D) $800
E) None of the above
Correct Answer:
Verified
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A)Is taxable income both for
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A)Fully includable
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A)Are deductible by the person receiving
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