Question: During 2019, under a qualified written plan for educational assistance, Jake Jenner's employer paid Local University $9,200 on Jake's behalf: $7,500 for tuition, books, supplies,
During 2019, under a qualified written plan for educational assistance, Jake Jenner's employer paid Local University $9,200 on Jake's behalf: $7,500 for tuition, books, supplies, and lab fees and $1,700 for lodging. What is the amount of assistance that Jake should include in his gross income for 2019 if the payment was before May 1, 2019?
1) $9,200
2) $3,950
3) $2,350
4) $1,700
Step by Step Solution
3.43 Rating (150 Votes )
There are 3 Steps involved in it
AnswerThe correct answer is 395... View full answer
Get step-by-step solutions from verified subject matter experts
