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How much of each of the following prizes or awards is taxable? a. Cheline received a $50,000 gift bag at the Oscars in 2010. b.
How much of each of the following prizes or awards is taxable? a. Cheline received a $50,000 gift bag at the Oscars in 2010. b. Jon received a gold watch worth $350 for 25 years of service to his accounting firm, c. Kerry won $1,000,000 in her state lottery. d. Deborah is a professor who received $50,000 as an award for her scientific research from the University that employs her
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