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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 $
Lottery winnings of $ received in cash
A plaque worth $ plus $ of Godiva chocolate in recognition for days on the job without an accident
A $ 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 $; the award from her job is excluded.
c $; the plaque may be excluded.
d $; only prizes and winnings received as cash are included.
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