Upon graduating from high school in $2022,$ you were granted a $$6,000$ college scholarship for the academic year $2022-2023.$ As a full$-$time student and degree candidate during the fall term of $2022,$ you received $$2,000$ and spent $$1,200$ on tuition and fees, $$300$ on books, and $$500$ on room and board. How much of your scholarship is taxable on your $2022$ federal return? 

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Answer To determine the taxable portion of your scholarship for the 2022 federal return ... View the full answer