Homework Answers
$2,000.
In case a student receives a general scholarship, it can first be applied towards excludable costs such as costs of tution, books, supplies. The excess amount is taxable.
So in the given
| Scholarship received | 10,000 |
| less; annual costs for tution, books, supplies | (8,000) |
| taxable income | 2,000 |
case,
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d e
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kindly help
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I need help with parts D & E
d e
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