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What is burrows gross income for the current year

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Roger Burrows, age 19, is a full-time student at Marshall College and a candidate for a bachelor's degree. During the current year he received the following payments:

State scholarship covering tuition for 10 months$ 3,600

Loan from college financial aid office5,500

Cash support from parents8,000

Cash dividends on qualified investments700

Cash prize awarded in contest 5,000 $22,800

Problem 1: What is Burrows's gross income for the current year?

Option 1: $ 700

Option 2: $ 5,700

Option 3: $13,700

Option 4: $17,300

Reference no: EM132808444

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