Question: A student receives a $ 5 , 0 0 0 payment for participating in a work study program at their university. How should this payment

A student receives a $5,000 payment for participating in a workstudy program at their university. How should this payment be treated for tax purposes?
a. Fully taxable as compensation
b. Partially excludable based on the nature of the work
c. Fully excludable as a scholarship
d. Treated as a student loan

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