Ms Mary was accepted to Big State University and received areduced tuition from $50,000 to $20,000. Mary also received ascholarship of $30,000 to attend Big State University. Since Mary'stuition is $20,000 she will use the remaining portion to cover herroom and board expenses. BSU also offered Mary a part-time job asan admin. assistant where she will be paid $2,500 per year. MarySmith needs your help in determining what is taxable and what isnot taxable. Please use IRS publication 970 and let her know what/if anything is taxable and what is nontaxable and any other infothat is relevant. Please write at leat 200 words to explainwhy.
