Teresa is a student at a state university. In 2 0 2 3 , she received a

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Question:

Teresa is a student at a state university. In

2023,

she received a scholarship of $

7, 000

for tuition and fees and an assistantship for $

4, 000 .

What is the amount that Teresa must report in income?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 02, 2024 01:11 AM

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Teresa is a student at a state university. In 2 0 2 3 , she received a

Question:

Expert Answer:

Generally scholarships for tuition and fees are taxfree if the recipient is a degree candida... View the full answer

Income Tax Fundamentals 2013

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