Question
Dean, a Master's Degree candidate at State University, was awarded a $15,000 scholarship State University in the current year. During the current year, he paid
Dean, a Master's Degree candidate at State University, was awarded a $15,000 scholarship State University in the current year. During the current year, he paid the following expenses:
Tuition $13,500
Books $750
Room and Board $4,000
What amount, if any, does Dean have to include in income from his scholarship?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
