To pay for college, Henry received the following: $1,000 scholarship from the Thespian Club to pay for books
$5,000 scholarship from the Elks Lodge for tuition
$4,000 worth of room and board as a dorm supervisor through a work-study program

How much income must Henry report on his tax return?

Question

To pay for college, Henry received the following: $1,000 scholarship from the Thespian Club to pay for books
$5,000 scholarship from the Elks Lodge for tuition
$4,000 worth of room and board as a dorm supervisor through a work-study program
​
How much income must Henry report on his tax return?

Quizplus · Accepted Answer

The $4,000 worth of room and board provided through the work-study program is considered taxable income and therefore must be reported on Henry's tax return. The scholarships received for books and tuition are tax-free.

To Pay for College, Henry Received the Following: $1,000 Scholarship