Scholarships and fellowships awarded to degree candidates are not taxable unless they are used for

a. Room and board.
b. Books.
c. Tuition.
d. Supplies required for the course of study.

Ans: a. Room and board.

Business

You might also like to view...

Which of the following refers to evidence of media mention, such as press clippings and videos?

A) source file B) fact sheet C) pick-up D) content E) product

Business

Suppression used in crisis situations appears to help an individual recover from the event emotionally, while suppression used as an everyday emotion regulation technique can take a toll on mental ability, emotional ability, health, and relationships

Indicate whether the statement is true or false

Business