Kareem is a full time graduate student at the University working toward his Ph.D. in chemistry. In the current year he received the following scholarship payments fr
$8,000
for tuition and fees
$6,000
for room and board
$1,000
for fees required for the courses
$7,000
for services as a part time teaching assistant Kareems used both the
$8,000
and
$7,000
payments to pay the total annual tuition of
$15,000
at the University. He used the
$6,000
payment for room and board. books. What amount received from the University is taxable to Kareem?
$7,000
$12,000
$13,000
$14,000