Graham has accepted an offer to do graduate work in the chemistry department at StateUniversity. The chemistry department offered Graham a $5,000 tuition reduction and$3,500 toward the cost of room and meals. Under the terms of the scholarship Grahammust work in the chemistry labs during the summer as a research assistant. What amountmust Graham include in his gross income?
A) $5,000
B) $2,500
C) $3,500
D) $8,500
E) Zero - none of the above benefits is included in gross income.
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