Testing continues on bone chips
On Dec. 20, USA Today ran a blurb about bone fragments discovered on an island Amelia Earhart's plane may have been traveling close to in 1937. There was speculation that these fragments may have been part of Earhart's remains. Has there been any conclusive evidence from the testing confirming these fragments belonged to her?
Not yet. Scientists at the University of Oklahoma expect to have results from tests of DNA extracted from the tiny bone chips in about a month or two. Cecil Lewis, an assistant professor of anthropology at the school's Molecular Anthropology Laboratory, told the Associated Press last month that the university received a little more than a gram of bone fragments. The fragments, however, could be from a turtle because they were found near a hollowed-out turtle shell that might have been used to collect rainwater.
Same state football honors
Auburn won the BCS national championship and the Heisman Trophy, joining Alabama from last year. Have any other major universities from the same state ever done that in back-to-back years?
This is the first time that two schools from the same state have won the AP or BCS national championship and the Heisman Trophy in consecutive seasons, dating to 1935, the year the Heisman was first awarded.
Auburn won the title and quarterback Cam Newton won the Heisman for 2010, matching the feat accomplished by Alabama and running back Mark Ingram in 2009.
All income must be reported
I am curious about the tax consequences of winning cash prizes on game shows, specifically Cash Cab on Discovery Channel. I think that winnings of $600 or more must be reported as taxable income. Would the reported income be equally split among all of the winners on any one cab ride? For example, if three riders won a total of $1,500, would each net $500 and therefore not be liable to report? Likewise, if total winnings were $3,000, would each report earnings of $1,000?
Taxpayers must report all income from any source and any country unless it is explicitly exempt under the U.S. tax code, according to the Internal Revenue Service.
The cash value of prizes or awards won in events such as a drawing, quiz show program or beauty contest, subject to certain exceptions, must be included on the tax return as taxable income. Taxpayers also must report the fair market value of merchandise or products won as taxable income.
So each person in the cab is responsible for reporting his or her individual share of the prize winnings, whatever the amount.