Income Tax Fundamentals 2020 (with Intuit Proconnect Tax Online)
38th Edition
ISBN: 9780357108239
Author: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
Publisher: Cengage Learning
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Chapter 2, Problem 21MCQ
Kelly receives a $40,000 scholarship to Ivy University. She uses $30,000 on tuition and books, $5,000 for a used car, and $5,000 for rent while at school. Kelly will recognize _____ gross income.
- $0
- $5,000
- $10,000
- $30,000
- $40,000
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Chapter 2 Solutions
Income Tax Fundamentals 2020 (with Intuit Proconnect Tax Online)
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