A Scholarship Recipient at State University May Exclude from Gross

question 14

Multiple Choice

A scholarship recipient at State University may exclude from gross income the scholarship proceeds used to pay for:

• A) Only tuition.
• B) Tuition, books, and supplies.
• C) Tuition, books, supplies, meals, and lodging.
• D) Meals and lodging.
• E) None of these.

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Definitions:

Best Director

An award category in various film award ceremonies, recognizing the most outstanding director of a film based on creative vision, execution, and overall leadership.

Oscar

An award given by the Academy of Motion Picture Arts and Sciences for excellence in cinematic achievements.

Time Warner

A major American multinational media and entertainment conglomerate, known for its film, television, and publishing operations.

Disney

An American multinational entertainment and media conglomerate, known for its film studio, theme parks, and an array of media networks and products.