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Upon graduating from High School in 2019, you were granted a $6,000 college scholarship for academic year 2019-2020. As a full-time student and degree candidate
Upon graduating from High School in 2019, you were granted a $6,000 college scholarship for academic year 2019-2020. As a full-time student and degree candidate during the fall term of 2019 you received $2,000 and spent $1,200 on tuition and fees, $300 on books and $500 on room and board. How much of your scholarship is taxable on your 2019 Federal return?
Choose one answer.
a. $6,000 b. $500 c. $2,000 d. $0 e. None of these
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