Author Question: Sarah receives a $15,000 scholarship from City University. The university specifies that $8,000 is ... (Read 41 times)

go.lag · **on:** Sep 13, 2020

Question 1

Rick chose the following fringe benefits under his employer's cafeteria plan. Which of his chosen benefits will be taxable?
◦ $150 cash per pay period
◦ medical insurance on his family
◦ dental insurance
◦ group term life insurance coverage of $20,000

Question 2

Sarah receives a $15,000 scholarship from City University. The university specifies that $8,000 is for tuition, books, supplies, and equipment for classes. The other $7,000 is for room and board. Sarah works ten hours per week as a grader, for which she is paid $7,500 for the year. Of the total amount received, Sarah must include the following amount in gross income
◦ $7,000.
◦ $7,500.
◦ $14,500.
◦ $22,500.

jaygar71 · **Reply #1 on:** Sep 13, 2020

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