Chapter 11 F.1- Taxpayer receives a $50,000 scholarship to attend the local university. The tuition for the year is $45,000. What are the tax consequences to the taxpayer for receiving the scholarship?

Chapter 11, F.3- taxpayer has been accepted to the masters program at his local university. He intends to complete a masters degree in economics as part of the coursework he is required to teach microeconomics, an introductory economic course for undergraduate students. In exchange, he receives a $10,000 credit toward the cost of his masters coursework. What are the tax consequences to taxpayer from this arrangement?