Question
Required information [The following information applies to the questions displayed below.] For each of the following independent situations, indicate the amount the taxpayer must include
Required information
[The following information applies to the questions displayed below.] For each of the following independent situations, indicate the amount the taxpayer must include in gross income: (Leave no answer blank. Enter zero if applicable.)
a. Phil won $925 in the scratch-off state lottery. There is no state income tax.
Amount to be included:______
b. Ted won a compact car worth $25,700 in a TV game show. Ted plans to sell the car next year.
Amount to be included:______
c. Al Bore won the Nobel Peace Prize of $555,000 this year. Rather than take the prize, Al designated that the entire award should go to Weatherhead Charity, a tax-exempt organization.
Amount to be included:______
d. Jerry was awarded $3,900 from his employer, Acme Toons, when he was selected most handsome employee for Valentines Day this year.
Amount to be included:______
e. Ellen won a $1,810 cash prize in a school essay contest. The school is a tax-exempt entity, and Ellen plans to use the funds to pay her college education.
Amount to be included:______
f. Gene won $780 in the office March Madness pool.
Amount to be included:______
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