Adrian was awarded an academic scholarship to State University for the 2016-2017 academic year. He received $6,500

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Adrian was awarded an academic scholarship to State University for the 2016-2017 academic year. He received $6,500 in August and $7,200 in December 2016. Adrian had enough personal savings to pay all expenses as they came due. Adrian's expenditures for the relevant period were as follows:
Tuition, August 2016 ....................................$3,700
Tuition, January 2017 .....................................3,750
Room and board
August-December 2016 .................................2,800
January-May 2017 .......................................2,500
Books and educational supplies
August-December 2016 .................................1,000
January-May 2017 .......................................1,200
Determine the effect on Adrian's gross income for 2016 and 2017.
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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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