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Question Content AreaMariah had a good year. She received the following prizes and awards: An iPad from The Famous Daytime Talk Show with a fair

Question Content AreaMariah had a good year. She received the following prizes and awards:
An iPad from The Famous Daytime Talk Show with a fair market value of $500
Lottery winnings of $1,000 received in cash
A plaque worth $25 plus $100 of Godiva chocolate in recognition for 100 days on the job without an accident
A $10,000 cash prize from American Idol
How much of her prizes and awards should Mariah report on her tax return?
a. None, they are all excluded from income.
b. $11,500; the award from her job is excluded.
c. $11,600; the plaque may be excluded.
d. $11,000; only prizes and winnings received as cash are included.

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