Discusison
1. Students who pay out-of-pocket tuition are able to deduct the amount, so it should not be taxable for those who are rewarded scholarships.
Is this correct?--- one paragraph response with one reference.
2.Muni interest income is typically tax exempt on the federal 1040 but interest income on debt securities issued by the US is taxable. Why? -- one paragraph response with one reference.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.