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Jiang is enrolled in a part-time program at the local university, for which she paid...

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Question

Accounting

Jiang is enrolled in a part-time program at the local university, for which she paid $2,500 tuition fees. She paid $150 for books. She received a scholarship of $4,000.

How much of her scholarship is taxable income?

1- $0

2-$850

3-$2,650

4-$4,000

Answer & Explanation Solved by verified expert
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