contestada

Donna receives a need based scholarship of $10,000 that covers half of her tuition. She also receives a total stipend of $7,000 for her job as a resident advisor in the campus dormitories. In addition, she receives free room and board in the dorms (a fair market value of $12,000) where she is required to live. The taxable amount of these payments to Donna is ______ Question 16 options: $29,000 $19,000 $7,000 some other amount

Respuesta :

Answer:

$7,000

Explanation:

Since in the given situation it is mentioned that the amount of $7,000 represent the stipend so the taxable amount would be equivalent to the stipend amount i.e. $7,000 as if the payment made to the graduate students like teaching, researching, or any other services would be eligible for tax purpose

Therefore the same would be relevant

Otras preguntas