During 20X2, under a qualified educational assistance plan, an employer paid a local university $5,300 on the taxpayer's behalf: $4,000 for tuition, books, and supplies and $1,300 for lodging. What amount of educational assistance should the taxpayer include in gross income for 20X2?
 

Answer rating: 100% (QA)

Under the tax code in the United States a qualified educational assistance program allows an employe... View the full answer