Shaun is a student who has received an academic scholarship to State University. The scholarship paid $18,100
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Question:
Shaun is a student who has received an academic scholarship to State University. The scholarship paid $18,100 for tuition, $5,050 for fees, and $1,010 for books. In addition, Shaun's dormitory fees of $10,400 were paid by the University when he agreedas a condition of receiving the dormitory fees to counsel freshman on campus living. What amount must Shaun include in his gross income?
Multiple Choice
- $10,400.
- $15,450.
- Zero - None of these benefits is included in gross income.
- $5,050.
- $11,410.
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