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CONTRACT FOR PROFESSIONAL SERVICESExecuted as of the ___day of ___, 20___, by and between: The Board of Governors of Wayne State University Detroit, Michigan 48202 (The University) andName_of_Consultant
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What is tuition and fees?
Tuition is the amount charged by educational institutions for instruction and is usually assessed on a per-credit-hour or per-semester basis. Fees are additional charges for services such as registration, exams, and materials.
Who is required to file tuition and fees?
Individuals and businesses that pay for qualified education expenses for themselves or their dependents may be required to file tuition and fees to claim certain tax benefits.
How to fill out tuition and fees?
To fill out tuition and fees, you need to gather your educational institution's billing statement, fill out relevant sections on tax forms like Form 8863 for education credits, and report the total amount paid for qualified tuition and fees.
What is the purpose of tuition and fees?
The purpose of tuition and fees is to cover the costs of education, including instructional expenses, facilities, and student services, while also providing financial support to educational institutions.
What information must be reported on tuition and fees?
Information that must be reported includes the total amount of qualified tuition and fees paid, the name of the educational institution, the student's name and taxpayer identification number, and any scholarships or grants received.
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