1. Prizes and awards are generally taxable. Under what conditions is the receipt of a prize or award

1. Prizes and awards are generally taxable. Under what
conditions is the receipt of a prize or award not taxable?

2. Are Social Security benefits taxable? Explain.

3. How is the taxation of an alimony payment different from
the taxation of a child support payment?

4. What incentive does a taxpayer have to disguise a
property settlement as an alimony payment?