If a Lottery Prize Winner Transfers the Prize to a Qualified

question 43

True/False

If a lottery prize winner transfers the prize to a qualified government unit or nonprofit organization, then the prize is excluded from the winner's gross income if the amount of the prize does not exceed 30% of the winner's AGI.

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Kilohertz

A unit of frequency equal to one thousand hertz (Hz), often used to measure the clock speeds in computers and electronics.

Mouse

A hardware device used to enter user responses and commands into a computer.

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A graphical representation on a display screen that represents a program, function, or file, which users can interact with.