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Business, 19.09.2019 01:20 reganwade8298

A. peyton was selected the most valuable player in the super bowl. in recognition of this, he was awarded an automobile with a value of $60,000. peyton did not need the automobile, so he asked that the title be put in his parents' names. peyton is required to include $ in gross income. b. jacob was awarded the nobel peace prize. when he was presented the check for $1,400,000, jacob said, "i do not need the money. give it to the united nations to use toward the goal of world peace." jacob is required to include $ of the prizes received in his gross income. c. linda won the craig county fair beauty pageant. she received a $10,000 scholarship that paid her $6,000 for tuition and $4,000 for meals and housing for the academic year. linda is required to include $ of the scholarship in her gross income.

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