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Ben Received a $5,000 Tuition Scholarship from His Local Community

question 69

True/False

Ben received a $5,000 tuition scholarship from his local community college. He can exclude the $5,000 from gross income.


Definitions:

Smith-Connally

Also known as the War Labor Disputes Act, a 1943 U.S. law that allowed the federal government to seize and operate industries threatened by labor strikes during WWII.

Nuclear Chain Reaction

A self-sustaining series of nuclear fissions in which the release of neutrons in one reaction induces at least one other nuclear reaction.

The Manhattan Project

A research and development project during World War II that produced the first nuclear weapons, led by the United States with the support of the UK and Canada.

War Production Board

An agency of the United States government during World War II tasked with overseeing the production and allocation of materials and fuel necessary for military operations.

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