Which of the following prizes or awards is not taxable?

a. A crystal paperweight worth $125 given to an employee for achieving 10 years of service to the company

b. Prizes from a television game show

c. Awards for superior performance on the job

d. A $100 gift card received as a prize in a raffle run by the local school parent teacher organization

e. All the above are taxable

f. None of the above

. An annuity is a type of investment in which the taxpayer purchases the right to receive an only payment when the taxpayers consider retirement.

a. True

b. False

Hellen enters a radio contest and wins $3,000 in her gross income in the Form 1040.

a. True

b. False