Upon graduating from high school in 2021, you were granted a $6,000 college scholarship for academic year 2021-2022. As a full-time student and degree candidate during the fall term of 2021 you received $2,000 and spent $1,200 on tuition and fees, $300 on books and $500 on room and board. How much of your scholarship is taxable on your 2021 federal return?.