Question: Need Help with B. Its not 0 or $700 How much of each of the following is included in gross income? If the amount is

Need Help with B. Its not 0 or $700

How much of each of the following is included in gross income? If the amount is not taxable, enter "0". ..

a. Cheline, an actress, received a $7,600 gift bag for attending the Academy Awards Ceremony during 2022.

Answer - $7,600

b. Jon received a gold watch worth $700 for 25 years of service to his accounting firm (not a qualified award).

Answer -

c. Kerry won $1,000,000 in her state lottery.

Answer - $1,000,000

d. Deborah is a professor who received $30,000 as an award for her scientific research from the university that employs her.

Answer - $30,000

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