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Ken, 19 years of age is a candidate for a bachelor's degree at a college hundreds of miles away from his parent's home. He receives a scholarship of $80,000 from his state of residence. He spends $60,000 for tuition, $6,000 for books, $10,000 for room and board and keeps $4,000 for living expenses while away at college.•How much is taxable to Ken in the current year?A.$14,000B.$4,000C.$10,000D.$20,000
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