How much the taxpayer is required

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Question - For each of the following situations, indicate how much the taxpayer is required to include in gross income and explain your answer:

a) Steve was awarded a $5,000 scholarship to attend State Law School. The scholar- ship pays Steve's tuition and fees.

b) Hal was awarded a $15,000 scholarship to attend State Hotel School. All scholar- ship students must work 20 hours per week at the school residency during the term.

Reference no: EM132477829

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