Marie is a graduate student at a state university.In 2016,she received a scholarship of $10,500 $7,000 for tuition and fees and $3,500 for campus housing)and a graduate assistantship that pays $6,000.What is the amount that she must report on her tax return?

Question

Quizplus · Accepted Answer

Marie must report the total amount of her scholarship and assistantship on her tax return, which is $10,500 + $6,000 = $16,500. However, the $7,000 for tuition and fees is tax-exempt, which means it does not count as taxable income. Therefore, the amount that she must report on her tax return is $16,500 - $7,000 = $9,500. Choice A is the correct answer.

Marie Is a Graduate Student at a State University