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What is his adjusted gross income

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Question - Arthur, age 19, is a full-time student at Gordon College and is a candidate for a bachelor's degree. During 2015, he received the following amounts:

Tuition scholarship $2,400

Loan from college financial aid office $1,000

Cash support from parents $2,000

Ordinary cash dividend $ 200

Cash prize awarded in contest $ 300

What is his adjusted gross income for 2015?

a. $500

b. $2,300

c. $2,500

d. None of the above

e. $300

Reference no: EM132088547

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