Which payment(s) is(are) included in a recipient's gross income?
I. Payment to a graduate assistant for a part-time teaching assignment at a university. Teaching is not a requirement toward obtaining the degree.
II. A grant to a Ph.D. candidate for his participation in a university sponsored research project for the benefit of the university.
a. I only.
b. Both I and II.
c. Neither I nor II.
Answer: b. Both I and II.
Business
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