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How much is excludible from gross income

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Reference no: EM133006165

Problem 1: Robert's $30,000 scholarship was used to pay for the following: $25,000 tuition, $1,000 in required textbooks, and $4,000 in room and board. How much is excludible from gross income?

Option 1: $1,000

Option 2: $4,000

Option 3: $5,000

Option 4: $25,000

Option 5: $26,000

Reference no: EM133006165

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