# Mr. Hines received a $6,200 grant from a local university for the fall of 2016. Mr. Hines was a... ## Question: Mr. Hines received a$6,200 grant from a local university for the fall of 2016. Mr. Hines was a candidate for a degree and was required to be a research assistant, for which services he received payment under the grant. The $6,200 grant provided the following:  Tuition$3,600 Books and supplies 500 Pay for services as research assistant 2,100

Mr. Hines spent the entire $6, 200 on tuition, books, and supplies. What amount must Mr. Hines include in his income for 2016? a.$2,100

b. $2,600 c.$3,200

d. $3,600 ## Taxable Income: Taxable income for individuals is determined based on income which has been received as a result of work performed. This income amount is then subject to deductions for expenses incurred in the generation of this income. ## Answer and Explanation: Become a Study.com member to unlock this answer! Create your account What amount must Mr. Hines include in his income for 2016? a.$2,100

\$2,100 should be recognised by Mr. Hines as this amount directly relates to...

See full answer below.