Robbie receives a scholarship of 20000 to an elite private


Question :

Robbie receives a scholarship of $20,000 to an elite private college. $12,000 of the scholarship is earmarked for tuition, and $8,000 covers his room and board.

How much of the scholarship, if any, is taxable to Robbie?

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Financial Management: Robbie receives a scholarship of 20000 to an elite private
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