Tucker is a highly recruited football player from Alabama who received a scholarship of ($26,500) to play
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Tucker is a highly recruited football player from Alabama who received a scholarship of \($26,500\) to play for the Crimson Tide football team. His tuition and fees are \($12,000,\) books are \($500,\) and his room and board are \($14,000.\) How much income must Tucker report on his income tax return?
a. $0
c. $14,500
b. $14,000
d. $26,500
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Related Book For
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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