During 2012, under a qualified written plan for educational assistance, Jake Jenner's employer paid Local University $9,200 on Jake's behalf: $7,500 for tuition, books, supplies, and lab fees and $1,700 for lodging. What is the amount of assistance that Jake should include in his gross income for 2012 if the payment was before May 1, 2012?
A) $9,200
B) $3,950
C) $2,350
D) $1,700
Correct Answer:
Verified
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