Which of the following prizes or awards is not taxable? a.Prizes from a television game show. b.A $100 gift card received as a prize in a raffle run by the local school parentteacher organization. c.A crystal paperweight worth $125 given to an employee for achieving 10 years of service to the company. d.Awards for superior performance on the job. e.All of these choices are taxable.

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
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Chapter3: Business Income And Expenses
Section: Chapter Questions
Problem 18MCQ
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Which of the following prizes or awards is not taxable?

a.Prizes from a television game show.
b.A $100 gift card received as a prize in a raffle run by the local school parentteacher organization.
c.A crystal paperweight worth $125 given to an employee for achieving 10 years of service to the company.
d.Awards for superior performance on the job.
e.All of these choices are taxable. 
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