Problem $4-52($LO$.4)$

For each of the following, determine the amount that should be included in gross income.

If an amount is zero, enter $"0".$

a$.$ Peyton was selected the most valuable player in the Super Bowl. In recognition of this, he was awarded an automobile with a value of $$60,000.$ Peyton did not need the automobile, so he asked that the title be put in his parents' names.

Peyton is required to include $ $$ in his gross income.

b$.$ Jacob was awarded the Nobel Peace Prize. When he was presented the check for $$1,400,000,$ Jacob said, "I do not need the money. Give it to the United Nations to use toward the goal of world peace."

Jacob is required to include $ $$ of the prizes received in his gross income.

c$.$ Linda appeared on a television game show during the year, winning $$6,000$ of cash and $$4,000$ of furniture and appliances.

Linda is required to include $ $$ of the prizes in her gross income.