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lawyer [7]
4 years ago
15

Hal Gore won a $1 million prize for special contributions to environmental research. This prize is awarded for public achievemen

t, and Hal directed the awarding organization to transfer $400,000 of the award to the Environmental Protection Agency. How much of the prize should Hal include in his gross income?
A. $400,000
B. $600,000
C. $1 million
D. None of these because all prizes are excludible
E. None of these because prizes from charities are excludible
Business
1 answer:
Vikki [24]4 years ago
7 0
I think the answer is A
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When the import tariffs are withdrawn, the domestic price of the goods should decrease, benefiting consumers.

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What is the key difference between command and market economies?
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If we wanted to most closely apply the principle of popular sovereignty to control of the bureaucracy, which of the following of
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The correct answer is The president.

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On June 1 of Year 1, a company paid $2,400 cash to rent office space for one year beginning immediately. Based solely on this in
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With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.

<h3>What is an income statement?</h3>

An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.

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Rent expenses = $1,000 rent expense

In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.

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<em>brainly.com/question/24498019</em>

7 0
2 years ago
holdup bank has an issue of prefered stock witha standard deviation of $7 that just sold for $87 per share. What is the banks co
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3 years ago
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