What is kobe''s adjusted gross income for 2009, Accounting Basics

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What is kobe''s adjusted gross income for 2009

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
$16,000

What is Kobe's adjusted gross income for 2009?

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Accounting Basics: What is kobe''s adjusted gross income for 2009

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Accounting Basics: What is kobe''s adjusted gross income for 2009

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Recent Questions Asked Accounting Basics

Q : What is the maximum amount bank can expand its loans

Q : What are the highest and lowest payments from the writer

Q : Estimating the beta of stock

Q : Depreciation expenditure using the straight-line method

Q : What is kobe''s adjusted gross income for 2009

Q : Costs of preference shares from perspective of subsidiary

Q : How much of the property taxes may evelyn deduct

Q : Describe what is meant by greening and thinking green

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is kobe''s adjusted gross income for 2009

Reference No:- TGS052609

Recent Questions Asked Accounting Basics

Q : What is the maximum amount bank can expand its loans

Q : What are the highest and lowest payments from the writer

Q : Estimating the beta of stock

Q : Depreciation expenditure using the straight-line method

Q : What is kobe''s adjusted gross income for 2009

Q : Costs of preference shares from perspective of subsidiary

Q : How much of the property taxes may evelyn deduct

Q : Describe what is meant by greening and thinking green

Q : Compensation and pension contribution

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