Simon was awarded a $24,000 scholarship to attend State Law from Gary and Harris Associates Attorney at Law. The scholarship pays Simon’s tuition ($7,000 per semester), fees ($500 per semester), and a $4,500 per semester stipend to pay for food and housing. In order to qualify for the stipend, Simon must work 10 hours per week at Gary Harris & Associates during the term. How much of the scholarship is Simon required to include in gross income?

Answer rating: 100% (QA)

The amount that will be included in gross ... View the full answer