State university waives tuition for all graduate assistants

Reference no: EM13598439

State University waives tuition for all graduate assistants. The waiver is to compensate for services rendered as research and teaching assistants. What are the tax effects of the tuition waiver amounts?
I. The value of the waivers is a form of compensation.
II. The value of the waivers must be included in the gross income of the recipients.

Reference no: EM13598439

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