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lawyer [7]
3 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]3 years ago
7 0
I think the answer is A
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