Nicole is a student at usb law school she receives a 52000, Accounting Basics

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Nicole is a student at usb law school she receives a 52000

Problem

Nicole is a student at USB Law School; she receives a $52,000 scholarship for 2016. Of the $52,000, $40,000 is used for tuition, $5,000 is used for books, and $7,000 is used for room and board. How much of the scholarship is excluded from taxable income for Nicole in 2016?

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Accounting Basics: Nicole is a student at usb law school she receives a 52000

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Accounting Basics: Nicole is a student at usb law school she receives a 52000

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