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Homework: 2-2 MyAccountingLab Homework: Module Two Score: 2.5 of 5 pts (3) Pl:4-40 (similar to) Save 5 of 5 (5 complete) HY Score: 90%, 22.5

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Homework: 2-2 MyAccountingLab Homework: Module Two Score: 2.5 of 5 pts (3) Pl:4-40 (similar to) Save 5 of 5 (5 complete) HY Score: 90%, 22.5 of 25 pts Question Help Consider the following scenarios: (Click the icon to view the scenarios) For each scenario, indicate the amount that must be included in the taxpayers gross income. a. Luke was given a $4,000 tuition scholarship to attend Northern Law School., In addition, Northem paid Luke $3,000 per year to work part-time in the campus bookstore. (Assume the tuition scholarship is less than te cost of tuition at Northern Law School. Enter a?for any amounts that should not be i cluded in the taxpayer's gross room . 0of the tuition scholarship and 3,000 of the wages from the campus bookstore Luke must include $ n his gross income b. Martin received a $25,000 footbal scholarship for attending Southern University. The scholarship covered tuition, room and board, laundry, and books. Six thousand of the scholarship was designated for room and board and laundry. It was understood that Martin would participate in the school's intercollegiate football program, but Martin was not required to do so. (Enter a "o" if none of the scholarship should be included in the taxpayers gross income.) Martin must include $ of the scholership in his gross income Enter any number in the edit fields and then click Check Answer part Clear All Final Check

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