How much of each of the following prizes or awards is taxable?
a. Cheline received a $50,000 gift bag at the Oscars in 2010.
b. Jon received a gold watch worth $350 for 25 years of service to his accounting firm,
c. Kerry won $1,000,000 in her state lottery.
d. Deborah is a professor who received $50,000 as an award for her scientific research from the University that employs her.
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