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Requirement Which of the following would be includable in gross income? a. Alice appeared on a TV quiz show and received a prize of $5,000.

Requirement

Which of the following would be includable in gross income?

a.

Alice appeared on a TV quiz show and received a prize of $5,000.

b.

Bart received $500 from his employer because he developed an idea that reduced the employer's production costs.

c.

Chuck borrowed $500 from his mother in order to finance his last year in college. Upon his graduation, Chuck's mother told him he did not have to repay the $500. She intended the $500 to be a graduation present.

Are the above 3 includable in gross income? Answer Yes or No for each.

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