Morgan is a degree candidate at a state university. She is being claimed by her parents, but no education credits are available to her as her parents' adjusted gross income (AGI) is above the range. Morgan received a $6,500 unrestricted scholarship from a local civic organization. This is the only scholarship money that she received. Her qualified education expenses were $5,000. How much of Morgan's scholarship is taxable?

A) $0

B) $6,500

C)The portion that exceeds her tuition, cost of books, and other course-related expenses.

Answer rating: 100% (QA)

Answer A 0 The scholarship amount of 6500 received by Mor... View the full answer