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7. Shelly is a student who has received an academic scholarship to the University. The
scholarship paid $4,000 for tuition, $500 for fees, and $400 for books. What amount must Shelly
include in her gross income?A. $ 4,900.B. $ 4,000.C. $ 4,500.D. $ 4,400.E. Zero - none of the
above benefits is included in gross income.

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7- Shelly is a student who has received an academic scholarship to the.pdf

  • 1. 7. Shelly is a student who has received an academic scholarship to the University. The scholarship paid $4,000 for tuition, $500 for fees, and $400 for books. What amount must Shelly include in her gross income?A. $ 4,900.B. $ 4,000.C. $ 4,500.D. $ 4,400.E. Zero - none of the above benefits is included in gross income.