### What amount can kevin exclude from gross income

Assignment Help Accounting Basics
##### Reference no: EM13154071

Kevin is a candidate for an undergraduate degree at a local university. During 2010, he was granted a fellowship that provided the following:

Tuition \$18,000
Books and supplies 2,000
Room and board 14,800

What amount can Kevin exclude from gross income in 2010?

1) \$18,000

2) \$20,000

3) \$25,000

4) \$32,800

5) \$34,800

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