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According to the situation given in the question, the student might ask for a raise in the stipend.
How do you define a stipend?
An stipend is a type of payment made to specific people to assist in covering their living expenses while pursuing a job. It is possible to receive stipends in place of or in additional to pay. Stipends are frequently given to clergy, fellows, apprentices, and interns.
Are stipends considered income?
Stipends are not subject to Medicare and Social Security taxes since they are considered awards rather than pay for services. However, stipends are still regarded as taxable income. It's vital to remember that stipend recipients are not self-employed, so they are not responsible for self-employment taxes.
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