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Requirement For each scenario, indicate the amount that must be included in the taxpayer's gross income. a. Liam was given a $2,500 tuition scholarship to
Requirement For each scenario, indicate the amount that must be included in the taxpayer's gross income. a. Liam was given a $2,500 tuition scholarship to attend Northern Law School. In addition, Northern paid Liam $12,000 per year to work part-time in the campus bookstore. (Assume the tuition scholarship is less than the cost of tuition at Northern Law School. Enter a "0" for any amounts that should not be included in the taxpayer's gross income.) The amount of tuition scholarship that Liam must include in his gross income is The amount of wages from the campus bookstore that Liam must include in his gross income is b. Miguel received a $25,000 football scholarship for attending Western University. The scholarship covered tuition, room and board, laundry, and books. Thirty - five hundred of the scholarship was designated for room and board and laundry. It was understood that Miguel would participate in the school's intercollegiate football program, but Miguel was not required to do so. (Enter a "0" if none of the scholarship should be included in the taxpayer's gross income.) The amount of scholarship that Miguel must include in his gross income is c. Valley School of Nursing requires all third-year students to work twenty hours per week at an affiliated hospital. Each student is paid $11 per hour. Naomi, a third-year student, earned $9,900 during the year. (Enter a "0" if none of the wages should be included in the taxpayer's gross income.) The amount of salary Naomi must include in her gross income is
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