Question: a. Define the term scholarship as it is used in Sec. 117. b. If a scholarship covers room and board, is it excludable? c. If
b. If a scholarship covers room and board, is it excludable?
c. If an employer provides a scholarship to an employee who is on leave of absence, is that scholarship taxable?
d. Is the amount paid by a university to students for services excludable from the students’ gross income?
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a A scholarship is an amount paid or allowed to or for the benefit of ... View full answer
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