Otto is a biology professor at State University. The university gave Otto a sabbatical leave to study
Question:
Otto is a biology professor at State University. The university gave Otto a sabbatical leave to study the surface of the flatworm. During the year he received a salary of $50,000, which is less than his regular salary of $56,000. Otto also received a grant to cover expenses associated with the study. The grant was $2,000, as were his related expenses. Otto also incurred memberships and other employment related expenses totaling $1,000. How much must Otto include in gross income?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Question Posted: