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Hal Gore won a $1.8 million prize for special contributions to environmental research. This prize is awarded for public achievement, and Hal directed the awarding

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Hal Gore won a $1.8 million prize for special contributions to environmental research. This prize is awarded for public achievement, and Hal directed the awarding organization to transfer $535,000 of the award to the Environmental Protection Agency. How much of the prize should Hal include in his gross income? Multiple Choice $535,000 None of the choices are correct because all prizes are excludible $1,265,000 Io o o None of the choices are correct because prizes from charities are excludible None of the

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