Buddy Bushey is a student at a local community college. This year, he received a $20,000 life insurance allowance from his father and an $11,500 academic scholarship from a civic club. This scholarship paid $8,200 for Buddy’s tuition, $1,300 for his text books, and $2,000 for his commuting expenses. Buddy also won a $5,000 prize. Compute Buddy’s AGI.
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Buddy Bushey is a student at a local community college. This year, he received a $20,000...