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Ron, age 19, is a full-time graduate student at City University. During 2020, he received...

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Accounting

  1. Ron, age 19, is a full-time graduate student at City University. During 2020, he received the following payments:

Cash award for being the outstanding resident adviser

$1,500

Resident adviser housing

2,500

State scholarship for ten months (tuition and books)

6,000

State scholarship (meals allowance)

2,400

Loan from college financial aid office

3,000

Cash support from parents

2,000

$17.400

Ron served as a resident adviser in a dormitory and, therefore, the

university waived the$ 2,500 charge for the room he occupied.

What Is Ron's adjusted gross income for 2020?

a.

$1,500.

b.

$3,900.

C.

$ 9,000.

d.

$15,400.

e.

None of these.

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