1. Marie 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...

1. Marie had a good year. She received the following prizes and awards:<br>- an iPad from The Famous Daytime Talk Show with a fair market value of $500<br>- lottery winnings of $1,000 received in cash<br>- a plaque worth $25 plus $100 of Godiva chocolate in recognition for 100 days on the job without an<br>accident<br>- a $10,000 cash prize from American Idol<br>How much of her prizes and awards should Marie report on her tax return?<br>$11,500; the award from her job is excluded<br>a.<br>b.<br>$11,600; the plaque may be excluded<br>$11,625; everything is included at the highest amount<br>C.<br>d.<br>$11,000; only cash prizes and awards are included<br>None, they are all excluded from income<br>e.<br>

Extracted text: 1. Marie 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 Marie report on her tax return? $11,500; the award from her job is excluded a. b. $11,600; the plaque may be excluded $11,625; everything is included at the highest amount C. d. $11,000; only cash prizes and awards are included None, they are all excluded from income e.

Jun 10, 2022

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1. Marie 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...

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