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1 ships and Fellowships A college student working on a degree in accounting received the following: 0 A $4,000 scholarship used for tuition at
1 ships and Fellowships A college student working on a degree in accounting received the following: 0 A $4,000 scholarship used for tuition at State University A $1,000 scholarship used for fees and books An $8,000 fellowship used for room and board Compute the amount that must be include in income. A. $8,000 B. $5,000 C. $13,000 D. $9,000 5 78. A degree candidate had education- related expenses and received financial assistance as follows: Tuition: $3,000 School fees: $300 Books and supplies: $900 Room and board: $3,500 Academic scholarship: $2,500 VA subsistence payments: $1,000 Scholarship from a civic organization: $2,500 How much income must be report as income? A. $5,000 B. $0 C. $4,200 D. $800
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