Required information [The following information applies to the questions displayed below.] 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. Amount to be included in gross income 8,900 Required information [The following information applies to the questions displayed below.] Grady is a member of a large family and received the following payments this year. For each payment, determine whether the payment constitutes realized income and determine the amount of each payment Grady must include in his gross income. (Leave no answer blank. Enter zero if applicable.) b. One thousand shares of GM stock worth $208 per share inherited from Grady's uncle. The uncle purchased the shares for $47 each, and the shares are worth $213 at year-end. Whether the payment constitutes realized income? Amount to be included in Gross Income Yes $ 0