Nicholas, sigle 23 years old and attended university in 2022. His T2202 shows 8 months full time with $5,800 of eligible guition fees. He also paid $1,300 for books and additional $2,400 for expenses directly related to his studies. Nicholas income for the year was a scholarship of $5,000 and $18, 200 from a part time job. Line 99 from his return is $16,800. What amount goes on Line 13010? $0 $1,300 $1,700 $5,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

J6

Nicholas, sigle 23 years old and attended university in 2022. His T2202 shows 8 months full time
with $5,800 of eligible guition fees. He also paid $1,300 for books and additional $2,400 for
expenses directly related to his studies. Nicholas income for the year was a scholarship of $5,000
and $18, 200 from a part time job. Line 99 from his return is $16,800. What amount goes on Line
13010? $0 $1,300 $1,700 $5,000
Transcribed Image Text:Nicholas, sigle 23 years old and attended university in 2022. His T2202 shows 8 months full time with $5,800 of eligible guition fees. He also paid $1,300 for books and additional $2,400 for expenses directly related to his studies. Nicholas income for the year was a scholarship of $5,000 and $18, 200 from a part time job. Line 99 from his return is $16,800. What amount goes on Line 13010? $0 $1,300 $1,700 $5,000
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Loan
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education