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

Reference No:- TGS052447

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find the present values of project-s benefits and costs

Q : Determine the cost recovery deduction for 2009

Q : Costs of capital for the three different divisions

Q : Cost-to-retail percentage for the retail method

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

Q : How the risk affect shareholders wealth

Q : Beginning balance of accounts receivable

Q : What is meant by business and financial risk

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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:- TGS052447

Recent Questions Asked Accounting Basics

Q : Find the present values of project-s benefits and costs

Q : Determine the cost recovery deduction for 2009

Q : Costs of capital for the three different divisions

Q : Cost-to-retail percentage for the retail method

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

Q : How the risk affect shareholders wealth

Q : Beginning balance of accounts receivable

Q : What is meant by business and financial risk

Q : Is pricing decision facing alpha and beta prisoner-s dilemma

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