Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. simon was awarded a $24,000 scholarship to attend

Simon was awarded a $24,000 scholarship to attend State Law from Gary and Harris Associates...

60.1K

Verified Solution

Question

Accounting

Simon was awarded a $24,000 scholarship to attend State Law from Gary and Harris Associates Attorney at Law. The scholarship pays Simons tuition ($7,000 per semester), fees ($500 per semester), and a $4,500 per semester stipend to pay for food and housing. In order to qualify for the stipend, Simon must work 10 hours per week at Gary Harris & Associates during the term. How much of the scholarship is Simon required to include in gross income?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Please answer the following problems: 1. SunLife insurance has been trying to penetrate the mass market and...

Statistics
1.2K views

A set of data is normally distributed with a mean of 37 and a standard deviation...

Accounting
1.2K views

List appropriate authorities and sources of information from where reliable and accurate data on financial products...

Basic Math
1.2K views

The city wishes to connect two houses to an existing water supply line using a...

Statistics
1.2K views

A certain grade egg must weigh at least 2 oz If the weights of eggs...

Calculus
1.2K views

Evaluate the limit lim x 4 x x 12 x 4

Algebra
1.2K views

2 Lisa has a bag containing 60 potato chips She eats 80 of the chips...

Algebra
1.2K views

3 Simplify Your answer should contain only positive exponents 12 12 4k A k 2...

Accounting
1.2K views

JH11 "5-24 1.? 2.? 3. ABC?...

Accounting
1.2K views

please check and give answer As with all audit procedures, auditors must pay...

Accounting
1.2K views

To engage in price competition successfully, a firm should have: A. a deeper product mix....

Finance
1.2K views

Dome Metals has credit sales of $144,000 yearly with credit terms of net 120 days,...