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Nicole is a student at USB Law School; she receives a $52,000 scholarship for 2018....

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Nicole is a student at USB Law School; she receives a $52,000 scholarship for 2018. Of the $52,000, $40,000 is used for tuition, $5,000 is used for books, and $7,000 is used for room and board. How much of the scholarship is excluded from taxable income for Nicole in 2018? Select one: a. $52,000 O b $47,000 Oc. $7,000 o d. $5,000 e. $45,000

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