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For each of the following situations, indicate how much the taxpayer is required to include in gross income: (Leave no answer blank. Enter zero if
For each of the following situations, indicate how much the taxpayer is required to include in gross income: (Leave no answer blank. Enter zero if applicable.) |
a. | Steve was awarded a $8,900 scholarship to attend State Law School. The scholarship pays Steve's tuition and fees. | |
b. | Hal was awarded a $16,200 scholarship to attend State Hotel School. All scholarship students must work 25 hours per week at the School residency during the term. |
a. | How much of scholarship is Steve required to include in his gross income?_________ |
b. | What is the amount of scholarship Hal should include in his gross income?_______ |
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