Nicole is a student at USB Law School; she receives a $52,000 scholarship for 2018. Of the $52,000, $40,000 is used for tuition, $5,000 is used for books, and $7,000 is used for room and board. How...

Nicole is a student at USB Law School; she receives a $52,000 scholarship for 2018. Of the $52,000,<br>$40,000 is used for tuition, $5,000 is used for books, and $7,000 is used for room and board. How<br>much of the scholarship is excluded from taxable income for Nicole in 2018?<br>Select one:<br>a. $52,000<br>b. $47,000<br>c. $7,000<br>d. $5,000<br>e. $45,000<br>

Extracted text: Nicole is a student at USB Law School; she receives a $52,000 scholarship for 2018. Of the $52,000, $40,000 is used for tuition, $5,000 is used for books, and $7,000 is used for room and board. How much of the scholarship is excluded from taxable income for Nicole in 2018? Select one: a. $52,000 b. $47,000 c. $7,000 d. $5,000 e. $45,000

Jun 10, 2022

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Nicole is a student at USB Law School; she receives a $52,000 scholarship for 2018. Of the $52,000, $40,000 is used for tuition, $5,000 is used for books, and $7,000 is used for room and board. How...

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