Hal Gore Won a $1 Million Prize for Special Contributions

question 79

Multiple Choice

Hal Gore won a $1 million prize for special contributions to environmental research. This prize is awarded for public achievement, 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)$1,000,000
• D)None of the choices are correct because all prizes are excludable.
• E)None of the choices are correct because prizes from charities are excludable.

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Definitions:

Intrinsic Motivation

Motivation driven by an individual's internal desires to perform a task for its own sake, because it is interesting or enjoyable.

External Incentive

A motivation or stimulus originating from outside an individual that influences their behavior or actions.

Behavioral Change

Modifications or transformations in human actions or reactions due to various factors such as learning, therapy, or life experiences.

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer; often used in behavior modification and conditioning.