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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 399 Weeks Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Scholarships. (Obj. 5) On August 1, 2014, Rob was granted a $5,400 scholarship for each of four academic years (nine months each year) to earn a degree from Birdhaven University. The scholarship grant includes $3,600 for tuition, fees, and books and $1,800 for room and board. Payment is one-ninth each month, starting September 10, 2014, and is made on the tenth of each month thereafter.
a. How much of the scholarship payments can Rob exclude from gross income in 2014? Why?
b. If Rob is not a degree candidate, is there any limitation to the amount of his exclusion? Explain
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