1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natita [175]
3 years ago
5

On February 2019, Melinda applies and nominates herself for the prestigious North American Literary Prize. In June 2019, she win

s the prize for her academic and literary works. The award comes with a $1,000,000 cash prize that Melinda then donates to the City of Denver. Melinda is not required to take any action after receiving the cash prize. Is Melinda required to include the cash award in Gross Income?
Law
1 answer:
spin [16.1K]3 years ago
3 0

Answer:

Melinda is required to include the cash prize in the Gross Income.

Explanation:

Gross Income is the total payment in cash, goods and services that a person received before tax reductions, that is, it is the general value of everything that a person received in a given period of time, including wages, premiums, real estate, among other things . In this case, we can confirm that the cash prize received by Melinda must be included in her Gross Income, in addition, if she has received a prize with an economic value, she must also include this prize in the Gross Income, even if she has donated .

You might be interested in
Why is Civic virtue considered a part of a true democracy?
olasank [31]
A civic virtue is when a citizen plays a helping role in society/govt. I think the answer would be C. because A they aren’t doing work themselves and B they are forced.
6 0
2 years ago
High winds make it much harder to _____. A. steer your vehicle B. stop your vehicle C. see the road ahead D. accelerate quickly
professor190 [17]

Answer:

A

Explanation:

It can be hard to steer with wind blowing on the sides of the car.

4 0
3 years ago
Read 2 more answers
Which of the following terms refers to an oversimplification fallacy that draws a comparison between two things that are fundame
Murrr4er [49]
I have no idea sorry g I just knees the poins
8 0
2 years ago
Challenging Question...looking for an answer as well as opinion. (Opinion is more important to me)
Dimas [21]

Answer:

Yes

Explanation:

I think it’s necessary because it sets boundaries and keeps people safe. Some people don’t follow them, but when/if they get caught they have to serve a punishment as the effect of what they did. Sometimes people whose jobs have power think that the power belongs to them too, which makes them think they are above the law, but they’re not. People do accept them and if there is a wrong or stupid law, especially now-a-days people will go on social media and speak their opinions. (Hope this was helpful!)

8 0
3 years ago
At the age of 13 my mother planned to get married and change mine and my 8 year old brothers last name to Smith and i hated that
goblinko [34]

Answer:

<h3>I don't think so</h3>

Explanation:

Your 13 and your a teenager you are not that mature . Maybe your mom has some kind of problem that's why she did that . or if you don't like it you should talk about it with your mom .

4 0
2 years ago
Other questions:
  • A woman shoots her husband. Then she holds him underwater for over 5 minutes. Finally, she hangs him. But 5 minutes later they b
    6·1 answer
  • If all proper hand washing steps are followed, how long should the entire process take? At least 20 seconds At most 2 minutes At
    10·1 answer
  • Spaulding, a minor, is injured in an automobile accident. His guardian sues the driver. The insurance company provides Lawyer fo
    5·1 answer
  • If you were to design a vehicle feature that monitors changes to the speed of the car,what scientific concepts would you think a
    9·1 answer
  • Tajinder wrote a letter to Amanpreet in which he stated I am planning to buy your car I can meet your price I will call you next
    12·1 answer
  • Is monitoring employee’s online behavior by companies ethical? Should a company fire an employee if they find their information
    13·1 answer
  • What is Limited company by Shares​
    13·1 answer
  • What is sector 320?<br>​
    6·1 answer
  • What US Supreme Court case decided that the death penalty itself did NOT violate the Constitution?
    9·1 answer
  • Identify faulty comparisons caused Captain Walter Lord to fail to take action to help the Titanic.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!