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Question Content AreaNicole is a student at USB Law School where she receives a $$52,000$ scholarship. Of the $$52,000,$ $$40,000$ is used for tuition, $$5,000$ is used for books, and $$7,000$ is used for room and board. How much of the scholarship is excluded from taxable income for Nicole?

a$.$ $$5,000$

b$.$ $$47,000$

c$.$ $$45,000$

d$.$ $$7,000$