Ms. Queen, age 21, is a full-time college student with an athletic scholarship that provides the following
Question:
Ms. Queen, age 21, is a full-time college student with an athletic scholarship that provides the following annual benefits.
Tuition payment ........................ $12,800
Fees and books ......................... 3,500
Room and board ....................... 10,000
Ms. Queen works in the athletic department as a trainer for a $4,200 salary. She also receives a $6,000 annual allowance from her grandmother. Compute Ms. Queen’s AGI.
Assume the taxable year is 2018.
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Salary 4200 Scholarship paymen...View the full answer
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Related Book For 
Principles Of Taxation For Business And Investment Planning 2019 Edition
ISBN: 9781260161472
22nd Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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