HyperGrowth 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 2021 and 2022. Assuming the company pays the costs, how much must Preston picked up in income for 2022?

HyperGrowth 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 2021 and 2022. Assuming the company pays the costs, how much must Preston picked up in income for 2022?

$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.