If a Scholarship Does Not Satisfy the Requirements for a Gift

question 58

True/False

If a scholarship does not satisfy the requirements for a gift, the scholarship must be included in gross income.

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Definitions:

Hydrophobic End

The part of a molecule that repels water, often found in molecules like lipids that have both hydrophilic (water-attracting) and hydrophobic (water-repelling) ends.

Hydrophilic End

The part of a molecule that is attracted to water, allowing it to dissolve or interact favorably with water molecules.

Condensation Reaction

A reaction in which two monomers are combined covalently through the removal of the equivalent of a water molecule; also called condensation synthesis. Compare with hydrolysis reaction.

Polymer

Large molecules composed of repeated subunits, which may be identical or different, known as monomers.