Question: In 2 0 2 3 , John earned $ 5 0 , 0 0 0 working as an employee, and won $ 5 , 0

In 2023, John earned $50,000 working as an employee, and won $5,000 in a state lottery. Also in 2023, John spent $400 for the purchase of lottery tickets. John elected the standard deduction on his 2023 income tax return. The amount of lottery winnings that should be included in Johns 2023 taxable income is:
A.The standard deduction applicable to the year depends on the taxpayers filing status.
B.The standard deduction is available only to taxpayers who itemize deductions.
C.The standard deduction is not indexed for inflation.
D.The standard deduction was eliminated by the TCJA.

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