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How much of the scholarship is taxable to Robbie

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Reference no: EM132705613

Problem - Robbie receives a scholarship of $20,000 to an elite private college. $8,000 of the scholarship is earmarked for tuition, and $12,000 covers his room and board. How much of the scholarship, if any, is taxable to Robbie?

Reference no: EM132705613

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