Question: Transaction Taxable? Peggy won $ 4 , 0 0 0 in the state lottery. Yes Jane won a $ 5 0 0 prize for her

Transaction
Taxable?
Peggy won $4,000 in the state lottery.
Yes
Jane won a $500 prize for her entry in a poetry contest.
Yes
Linda was awarded $2,000 when she was selected as "Teacher of the Year" by the local school district. (Assume Linda does not intend to pay the amount of the award to a government unit or a charitable organization.)

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