Question

1. Special notes.	Books	Tuition	Tax	Tax bracket	Pell Grants
   This student volunteers time at a local school to help with their underfunded music program. He could have earned $400 with the time he spent there.	$300	$4,000	$1,000	12%	$3,300

   What is the amount of the Maximum Benefit?

QUESTION 12

1. Special notes.	Books	Tuition	Tax	Tax bracket	Pell Grants
   This student volunteers time at a local school to help with their underfunded music program. He could have earned $400 with the time he spent there.	$300	$4,000	$1,000	12%	$3,300

   What is the amount of the Taxable Scholarship?

0.5 points   

QUESTION 13

1. Special notes.	Books	Tuition	Tax	Tax bracket	Pell Grants
   This student spent $20 to take a first date to an ice skating. He did not know how to skate. The subsequent rejection made him feel sad.	$600	$3,000	$3,000	12%	$4,000

   What is the amount of the Maximum Benefit?

0.5 points   

QUESTION 14

1. Special notes.	Books	Tuition	Tax	Tax bracket	Pell Grants
   This student spent $20 to take a first date to an ice skating. He did not know how to skate. The subsequent rejection made him feel sad.	$600	$3,000	$3,000	12%	$4,000

   What is the amount of the Taxable Scholarship?

QUESTION 17

1. Special notes.	Books	Tuition	Tax	Tax bracket	Pell Grants
   This student paid $400 for salsa dancing lessons from a local bar. He hoped his dancing skills would impress a particular female student. It did not work.	$700	$10,000	$1,000	12%	$3,000

   What is the amount of the Maximum Benefit?

0.5 points   

QUESTION 18

1. Special notes.	Books	Tuition	Tax	Tax bracket	Pell Grants
   This student paid $400 for salsa dancing lessons from a local bar. He hoped his dancing skills would impress a particular female student. It did not work.	$700	$10,000	$1,000	12%	$3,000

   What is the amount of the Taxable Scholarship?

0.5 points   

QUESTION 19

1. Special notes.	Books	Tuition	Tax	Tax bracket	Pell Grants
   This student just finished his second semester of grad school. His final paper was about Batman…in an accounting course.	$700	$10,000	$3,000	12%	$11,000

   What is the amount of the Maximum Benefit?

0.5 points   

QUESTION 20

1. Special notes.	Books	Tuition	Tax	Tax bracket	Pell Grants
   This student just finished his second semester of grad school. His final paper was about Batman…in an accounting course.	$700	$10,000	$3,000	12%	$11,000

   What is the amount of the Taxable Scholarship?

Answer 1

The maximum benefits for pell grants is $5,920. Expenses allowed for deductions are for books, tuition expenses.

1) total expenses = $300 + $4,000 = $4,300 - $400 = $3,900 and grant given is $3,300 will be allowed for maximum benefits

2) total expenses = $300 + $4,000 = $4,300 - $4,00 = $3,900 and grant given is $3,300 will be allowed for maximum benefits

3) total expenses = $600 + $3,000 = $3,600 and grant given is $4,000, expenses is less than grant, the maximum benefits is $3,600

4) total expenses = $600 + $3,000 = $3,600 and grant given is $4,000 expenses is less than grant, the maximum benefits is $3,600

5) total expenses = $700 + $10,000 = $10,700 and grant given is $3,000 even expenses is more than grant maximum benefit is $3,000

6) total expenses = $700 + $10,000 = $10,700 and grant given is $3,000 even expenses is more than grant maximum benefit is $3,000

7) maximum benefit is $5,920 even if the grant given is $11,000.

8) maximum benefit is $5,920 even if the grant given is $11,000