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How much the taxpayer is required to include in gross income

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Reference no: EM132461980

Question 1: For each of the following situations, indicate how much the taxpayer is required to include in gross income: (Leave no answer blank. Enter zero if applicable.)

Point a. Steve was awarded a $6,950 scholarship to attend State Law School. The scholarship pays Steve's tuition and fees.

Point b. Hal was awarded a $18,500 scholarship to attend State Hotel School. All scholarship students must work 35 hours per week at the School residency during the term

Reference no: EM132461980

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