Ron Rake is a candidate for a master's degree at State University. During 2012, he was granted a fellowship that provided: What is the amount Ron may exclude from gross income for 2012?

Question

Ron Rake is a candidate for a master's degree at State University. During 2012, he was granted a fellowship that provided:  What is the amount Ron may exclude from gross income for 2012?

Quizplus · Accepted Answer

Only qualiﬁed expenses associated with degree programs may be excluded from gross income (i.e
,tuition and books and supplies).

Ron Rake Is a Candidate for a Master's Degree at State