Mr Ainspan Is a College Student Working on a Degree

Mr. Ainspan is a college student working on a degree in accounting. He received the following in 2012: • A $4,000 scholarship used for tuition at State University
• A $1,000 scholarship used for fees and books
• An $8,000 fellowship used for his room and board
Compute the amount Mr. Brown must include in income for 2012.

A) $8,000
B) $5,000
C) $13,000
D) $9,000