Kobe, age 19, is a full-time student at State College and a candidate for a bachelor's degree.
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Question:
Kobe, age 19, is a full-time student at State College and a candidate for a bachelor's degree. During 2009, he received the following payments:
Wages $3,000
State scholarship for 10 months (tuition and books) $5,000
Loan from college financial aid office $2,750
Cash support from parents $2,500
Cash dividends $1,500
Cash prize awarded in contest $1,250
What is Kobe's adjusted gross income for 2009?
Related Book For
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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