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Business, 06.07.2021 20:30 ronny80

Kareem is a full-time graduate student at the university working toward his Ph. D. in chemistry. In 2021, he received the following scholarship payments from the university: $8,000 for tuition and fees $5,000 for room and board $1,000 for fees, books, supplies, and equipment that are required for the courses at the university $7,000 for services as a part-time teaching assistant at the university for which he received a W-2 at the end of the year Kareem used both the $8,000 and $7,000 payments to pay the total annual tuition of $15,000 at the university. He used the $5,000 payment for room and board. He used the $1,000 to purchase books. What amount received from the university must Kareem include on his 2021 return as taxable income

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