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tensa zangetsu [6.8K]
2 years ago
5

True or false: scholarships received by college students are nontaxable regardless of what the money is used for because the sch

olarship proceeds are considered to be a gift.
Social Studies
1 answer:
Alex73 [517]2 years ago
7 0

The statement " scholarships received by college students are nontaxable regardless of what the money is used for because the scholarship proceeds are considered to be a gift." is True

This is further explained below.

<h3>What is the scholarship?</h3>

Generally, A scholarship is a kind of financial assistance that is granted to a student on the basis of their outstanding academic performance.

A scholarship may be thought of as money that is provided to a student for the purpose of supporting that student's educational pursuits and does not need to be returned.

In conclusion,  The assertion that "scholarships obtained by college students are exempt from taxation regardless of how the money was spent since the revenues of the scholarship is regarded as a gift" is correct.

Read more about scholarship

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ZanzabumX [31]

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3 years ago
What do you mean by military revolt?​
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<em>M</em><em>ilitary revolt means the revolt is done between military and citizens that are down for protest.</em>

Explanation:

<h3>I hope this helps!!</h3>
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