If you are seeing that next to your wages on Line 7 of your tax return, its stands for "Scholarship Income" of $45. It means that your scholarships and grants exceeded your reported expenses, which results in taxable income. In your case, taxable income of $45.
If you are seeing that next to your wages on Line 7 of your tax return, its stands for "Scholarship Income" of $45. It means that your scholarships and grants exceeded your reported expenses, which results in taxable income. In your case, taxable income of $45.
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