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based on the 2020 tax brackets Mitchell was very intelligent and scored extremely high on his ACT exam. Numerous schools completed for Mitchell to enroll

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Mitchell was very intelligent and scored extremely high on his ACT exam. Numerous schools completed for Mitchell to enroll The University of Oklahoma gave Mitchell a scholarship of $25,000 for his fall semester of 2020 in hopes to attract him to the school Mitchell's tuition was $10,000 for the fail. In addition, his room and board was 54,000 and books/fees were $1.000. How much it any was taxable to Mitchell? Carter was driving home from the local university, where he was a freshman. On the way, a driver went through a red light and Carter was injured in the car accident. The highway video camera, produced evidence that the other driver was texting at the time of the accident Carter was awarded $50,000 for compensation to his injuries $100,000 for his pain and suffering (broken leg. injured back), and $300,000 in punitive damages. How much of this settlement is taxable income to Carter

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