Ron age 19 is a full-time graduate student at city


Ron, age 19, is a full-time graduate student at City University and Resident Adviser. During 2014, he received the following payments:
Cash award for being the outstanding resident adviser $1,500
State scholarship for ten months (tuition and books) $6,000
State scholarships (meals allowance) $2,400
Loan from college financial aid office $3,000
Cash support from parents $2,000
Total $17,400

Ron's rent in the dormitory where he lived would have been $5,000 for the year. What is Ron's adjusted gross income for 2014?

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Accounting Basics: Ron age 19 is a full-time graduate student at city
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