Terry is an accomplished pianist and received a scholarship to attend Berklee College of Music in Boston.
Question:
Terry is an accomplished pianist and received a scholarship to attend Berklee College of Music in Boston. He received \($64,000\) to cover tuition and fees of \($45,000\) and room and board of \($19,000\) for his first year. How much will Terry have to include in income?
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Terry must report 19000 in his taxa...View the full answer
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Rashul Chutani
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