Shaun Is a Student Who Has Received an Academic Scholarship

question 126

Multiple Choice

Shaun is a student who has received an academic scholarship to State University. The scholarship paid $14,000 for tuition, $2,500 for fees, and $1,000 for books. In addition, Shaun's dormitory fees of $8,500 were paid by the university when he agreed to counsel freshman on campus living. What amount must Shaun include in his gross income?

• A)$9,500
• B)$11,000
• C)$2,500
• D)$8,500
• E)$0-none of these benefits are included in gross income.

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Definitions:

Consent

The agreement or permission given by an individual, freely and voluntarily, to engage in a specific action or activity.

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Objects, signs, or symbols that represent something else, often carrying significant meanings within a culture.

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Computer programs that use artificial intelligence to mimic the decision-making abilities of a human expert in a specific domain.