Tax Drill Scholarships Jarrod receives a scholarship of $18,500 from Riggers University to be used to pursue a bachelor's degree. He spends $12,000 on
Tax Drill Scholarships Jarrod receives a scholarship of $18,500 from Riggers University to be used to pursue a bachelor's degree. He spends $12,000 on tuition, $1,500 on books and supplies, $4,000 for room and board, and $1,000 for personal expenses. Jarrod may exclude 5,000 X from his gross income. Feedback Check My Work If an income item is within the all-inclusive definition of gross income, the item can be excluded only if the taxpayer can locate s authority for doing so.
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