Question: In 2011, Joan accepted and received a $10,000 award for outstanding civic achievement. Joan was selected without any action on her part, and no future
In 2011, Joan accepted and received a $10,000 award for outstanding civic achievement. Joan was selected without any action on her part, and no future services are expected of her as a condition of receiving the award. What amount should Joan include in her 2011 adjusted gross income in connection with this award?
a. $0
b. $ 4,000
c. $ 5,000
d. $10,000
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