IRS Adapted Problem. Mr. Hines received a \(\$ 6,200\) grant from a local university for the fall of 2018 . Mr. Hines was a candidate for a degree, and was required to be a research assistant, for which services he received payment under the grant. The \(\$ 6,200\) grant provided the following:

Mr. Hines spent the entire \(\$ 6,200\) on tuition, books, and supplies. What amount must Mr. Hines include in his income for 2018 ?
a.) \(\$ 2,100\)

b. \(\$ 2,600\)

c. \(\$ 3,200\)

d. \(\$ 3,600\)

Transcribed Image Text:

Tuition Books and supplies Pay for services as research assistant $3,600 500 2,100