Question
Lissi is a student at Apple University and she received the following payments during the year to help support her education:
$2,000 scholarship from Apple University
$3,000 scholarship from a scholarship fund at her mother’s place of employment
$2,500 from her parents
The funds were used to pay $4,000 of tuition and fees and $800 for books for her courses. The remaining amounts were used for her living expenses.
How much gross income does Lissi have from these transactions?
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