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Problem - Jeffrey Dean, a Master's Degree candidate at North State Central University, was awarded a $15,000 scholarship from North State Central in the current year. During the current year, he paid the following expenses:
Tuition $12,000
Book 1,000
Fees 500
Room & Board 1,500
In addition, he received $6,000 for teaching two undergraduate accounting courses. What amount must be included in Dean's gross income?
a. $0
b. $6,000
c. $7,500
d. $21,000
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