Barney,a full-time graduate student,receives a full tuition waiver ($6,000 during the year)and a monthly stipend for 9 months of $600 ($5,400 for the year)from State University for performing research for the university as a graduate assistant.In addition,he receives a $1,500 research grant to pursue his own research and studies.Barney's gross income from the above is:

Question

Quizplus · Accepted Answer

Barney's gross income is the total amount he receives before any taxes or deductions are taken out. He receives a full tuition waiver worth $6,000, a monthly stipend of $600 for 9 months ($5,400 total), and a research grant of $1,500. Adding these amounts together gives a gross income of $6,000 + $5,400 + $1,500 = $11,400. Therefore, the correct answer is C.

Barney,a Full-Time Graduate Student,receives a Full Tuition Waiver ($6,000 During