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Shaun is a student who has received an academic scholarship to State University. The scholarship paid $20,200 for tuition, $3,100 for fees, and $1,950 for
Shaun is a student who has received an academic scholarship to State University. The scholarship paid $20,200 for tuition, $3,100 for fees, and $1,950 for books. In addition, Shaun's dormitory fees of $12,200 were paid by the university when he agreed to counsel freshman on campus living. What amount must Shaun include in his gross income? Multiple Choice $14,150 $15,300 $3,100 $12,200 $0none of these benefits are included in gross income.John holds a taxable bond and a municipal bond. Which are considered part of John's deductible investment interest expense? Multiple Choice Attorney and accounting fees on municipal bond. Safe deposit box rental fees on taxable bond. Interest expense on taxable bond. Interest expense on municipal bond. Interest expense on municipal bond and interest expense on taxable bond
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