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For each of the following Independent situations, Indicate the amount the taxpayer must include In gross Income: Note: Leave no answer blank. Enter zero
For each of the following Independent situations, Indicate the amount the taxpayer must include In gross Income: Note: Leave no answer blank. Enter zero if applicable. Required: a. Phil won $865 In the scratch-off state lottery. There is no state Income tax. b. Ted won a compact car worth $18,200 In a TV game show. Ted plans to sell the car next year. c. Al Bore won the Nobel Peace Prize of $542,500 this year. Rather than take the prize, Al designated that the entire award should go to Weatherhead Charity, a tax-exempt organization. d. Jerry was awarded $3,300 from his employer, Acme Toons, when he was selected most handsome employee for Valentine's Day this year. e. Ellen won a $1,630 cash prize in a school essay contest. The school is a tax-exempt entity, and Ellen plans to use the funds for her college education. f. Gene won $540 in the office March Madness pool. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Gene won $540 in the office March Madness pool. Amount to be included in gross income
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