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Peg was awarded an all expense paid trip to Hawaii for exceeding her sales quota for tax year 2020.The FMV of the trip is $15,000.

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Peg was awarded an all expense paid trip to Hawaii for exceeding her sales quota for tax year 2020.The FMV of the trip is $15,000. She also appeared on game show and had cash winnings of $5,000 and received an automobile with a sticker price of $28,000. Lastly, Peg was awarded the Nobel Peace Prize. When presented with the check for $500,000 she told them to give the money to her favorite charity, St Jude's Hospital for Children to help families of children with cancer. What is the total amount to be included in Peg's gross income for 2020? 1

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