Cindy was awarded a $6,000 scholarship to attend the state university. She spent $4,000 for tuition, $500
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Cindy was awarded a $6,000 scholarship to attend the state university. She spent $4,000 for tuition, $500 for required textbooks, and $1,500 for room and board. She works part-time on campus earning $5,000, which covers the balance of her room and board and other expenses. How much must Cindy include in her gross income?
a. $0
b. $5,000
c. $6,500
d. $7,000
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Related Book For
Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
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