Gambling

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Gambling

The act of wagering on an event or a game of chance in which the outcome is uncertain. This includes card games such as poker or bets on sporting events. In U.S. tax, all gambling income, regardless of where or how it was obtained, is taxable income and must be reported to the IRS. Professional gamblers may deduct all gambling losses against gambling income, but casual gamblers may only do so up to the amount of their gambling income.
References in periodicals archive ?
comptroller, Procter & Gamble International was elected vice
Lafley (44), previously vice president-laundry and cleaning products, Procter & Gamble USA, has been elected a group vice president of The Procter & Gamble Company and named president-laundry and cleaning products, Procter & Gamble USA.
Procter & Gamble Far East organization, effective Sept.
PFE PG) CO: Pfizer Inc; Procter & Gamble Company ST: New York IN: MTC SU: JVN
Lafley (46), currently group vice president of The Procter & Gamble Company and president-laundry and cleaning products, Procter & Gamble USA, has been named president-Asia/Pacific-Japan, Procter & Gamble Far East.
PG) CO: Procter & Gamble ST: Ohio IN: HOU SU: PER
In September 2005, Curis and Procter & Gamble entered into a research and development agreement to evaluate and develop potential treatments for hair growth disorders utilizing Curis' Hedgehog agonist technology.
Before joining eGistics, Gamble was enterprise sales manager for MedeFinance, Inc.
Beam (43), currently comptroller, paper products, Procter & Gamble USA, has been named vice president and comptroller, paper products, Procter & Gamble USA.
Older adults typically gamble because of boredom or loneliness, for excitement, to avoid thinking about problems and because of unrealistic hopes of large winnings.
manager-Latin America, Procter & Gamble Latin America,
Procter & Gamble Far East, has been named vice president and