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State Whether Each of the Following Is Taxable or Nontaxable

question 81

Essay

State whether each of the following is taxable or nontaxable.
a.Susan won a jackpot of $50,000 gambling at a casino.
b.Sarah received a Christmas ham from her employer.
c.Jonathan won a car in a supermarket raffle valued at $25,000.
d.Gary received a scholarship for tuition of $5,000 a year.
e.Eric is given lodging valued at $1,000 a month on the oil rig where he is employed since it is impossible for Eric to go home during the period of time he is assigned to work on the rig.


Definitions:

Negative Self-image

A subjective view of oneself that is critically poor, flawed, or fundamentally negative, often leading to low self-esteem.

Psychoanalyst

A practitioner of psychoanalysis, a therapeutic method developed by Sigmund Freud, which explores unconscious conflicts, desires, and experiences to treat psychological disorders.

Behaviorist

A psychologist who studies and works within the theory that behavior can be explained in terms of conditioning, without appeal to thoughts or feelings.

Stress-inoculation Therapy

A form of cognitive-behavioral therapy that teaches individuals coping skills to manage and reduce their response to perceived stressors before they occur.

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