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Ron, Age 19, Is a Full-Time Graduate Student at City

Question 119

Multiple Choice

Ron, age 19, is a full-time graduate student at City University.During 2017, he received the following payments:  Cash award for being the outstanding resident adviser $1,500 Resident adviser housing 2,500 State scholarship for ten months (tuition and books)  6,000 State scholarship (meals allowance)  2,400 Loan from college financial aid office 3,000 Cash support from parents 2,000$17,400\begin{array}{lr}\text { Cash award for being the outstanding resident adviser } & \$ 1,500 \\\text { Resident adviser housing } & 2,500 \\\text { State scholarship for ten months (tuition and books) } & 6,000 \\\text { State scholarship (meals allowance) } & 2,400 \\\text { Loan from college financial aid office } & 3,000 \\\text { Cash support from parents } & 2,000\\&\$17,400\end{array} ? Ron served as a resident adviser in a dormitory and, therefore, the university waived the $2,500 charge for the room he occupied.What is Ron's adjusted gross income for 2017?


A) $1,500.
B) $3,900.
C) $9,000.
D) $15,400.
E) None of these.

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