Ron, age 19, is a full-time graduate student at City University.During 2019, he received the following payments: $$\begin{array} { l r }
\text { Cash award for being the outstanding resident adviser } & \$ 1,500 \
\text { Resident adviser housing } & 2,500 \
\text { State scholarship for ten months (tuition and books) } & 6,000 \
\text { State scholarship (meals allowance) } & 2,400 \
\text { Loan from college financial aid office } & 3,000 \
\text { Cash support from parents } & \underline { 2,000 } \
&\underline { \underline { \$ 17,400 }}
\end{array}$$ 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 2019?

Question

Ron, age 19, is a full-time graduate student at City University.During 2019, he received the following payments: $$\begin{array} { l r } 
\text { Cash award for being the outstanding resident adviser } & \$ 1,500 \
\text { Resident adviser housing } & 2,500 \
\text { State scholarship for ten months (tuition and books) } & 6,000 \
\text { State scholarship (meals allowance) } & 2,400 \
\text { Loan from college financial aid office } & 3,000 \
\text { Cash support from parents } & \underline { 2,000 } \
&\underline { \underline { \$ 17,400 }}
\end{array}$$ 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 2019?

Quizplus · Accepted Answer

The Answer of Ron, age 19, is a full-time graduate student at City University.During 2019, he received the following payments: $$\begin{array} { l r } 
\text { Cash award for being the outstanding resident adviser } & \$ 1,500 \
\text { Resident adviser housing } & 2,500 \
\text { State scholarship for ten months (tuition and books) } & 6,000 \
\text { State scholarship (meals allowance) } & 2,400 \
\text { Loan from college financial aid office } & 3,000 \
\text { Cash support from parents } & \underline { 2,000 } \
&\underline { \underline { \$ 17,400 }}
\end{array}$$ 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 2019?

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