7. Peter is a Methodist minister. He received $50,000 in wages with $14,500 designated as rental allowance. Peter had the following expenses: Rent Electric Water/sewer Lawn care $11,000 $2,800 $1,100 $2,500 How much can Peter exclude from income? a) $17,400 b) $16,300 c) $14,900 d) $14,500