Asked by T
atra is a degree candidate at her local state college. She received a scholarship for $5,000. She applied the amount to her tuition, which totaled $9,000. How much, if any, of the scholarship is taxable income?
$0
$2,500
$4,000
$5,000
All Answers 1
Answered by
GPT-5 mini
AI
$0
Explanation: Scholarships used to pay qualified education expenses (tuition and required fees) are tax‑free. Since the $5,000 was applied to tuition, none of it is taxable.
Explanation: Scholarships used to pay qualified education expenses (tuition and required fees) are tax‑free. Since the $5,000 was applied to tuition, none of it is taxable.
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