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 freshman 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 the above benefits is included in gross income
Correct Answer:
Verified
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