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Arthur,age 19,is a Full-Time Student at Gordon College and Is

Question 43

Multiple Choice

Arthur,age 19,is a full-time student at Gordon College and is a candidate for a bachelor's degree.During 2013,he received the following amounts:  Tuition scholarship $2,400 Loan from college financial aid office $1,000 Cash support from parents $2,000 Ordinary cash dividend $500 Cash prize awarded in contest $300\begin{array}{ll}\text { Tuition scholarship } & \$ 2,400 \\\text { Loan from college financial aid office } & \$ 1,000 \\\text { Cash support from parents } & \$ 2,000 \\\text { Ordinary cash dividend } & \$ 500 \\\text { Cash prize awarded in contest } & \$ 300\end{array} What is his adjusted gross income for 2013?


A) $700
B) $800
C) $3,200
D) $6,200
E) None of the above

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