Hyper Growth Engineering has an educational assistance program for its employees who are classified as executive leadership. Preston, who is the CFO, obtains a graduate degree from Georgia Tech that costs $25,000 in 2020 and 2021. Assuming the company pays the costs, how much must Preston picked up in income for 2021?

		$0 fully covered under the educational assistance program.
		$5,250 the exemption for educational assistance.
		$19,750 the full amount less the exemption.
		$25,000 the full amount of the cost.