Multiple Choice
Shaun is a student who has received an academic scholarship to State University.The scholarship paid $14,000 for tuition, $2,500 for fees, and $1,000 for books.In addition, Shaun's dormitory fees of $8,500 were paid by the university when he agreed to counsel freshmen on campus living.What amount must Shaun include in his gross income?
A) $9,500
B) $11,000
C) $2,500
D) $8,500
E) Zero-none of these benefits are included in gross income.
Correct Answer:

Verified
Correct Answer:
Verified
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