In: Accounting
Taxpayer, age 19, is a full-time graduate student at State University. During 2017, he received the following payments:
Loan from college financial aid office $ 1,500
Resident adviser housing 2,500
State scholarship for ten months (meals allowance) 6,000
State scholarship (tuition and books) 2,400
Cash award for being the outstanding resident adviser 3,000
Cash support from parents 2,000 $17,400
Taxpayer served as a resident adviser in a dormitory and, therefore, the university waived the $2,500 charge for the room he occupied. What is Taxpayer 's adjusted gross income for 2017