Christie sued her former employer for a back injury she suffered on the job in 2019. As a result of the injury, she was partially disabled. In 2020, she received $240,000 for her loss of future income, $160,000 in punitive damages because of the employer’s flagrant disregard for the employee’s safety, and $15,000 for medical expenses. The medical expenses were deducted on her 2019 return, reducing her taxable income by $12,000. Christie’s 2020 gross income from the above is:
A. $415,000.
B. $412,000.
C. $255,000.
D. $175,000.
E. $172,000.
Answer: E
You might also like to view...
Which of the following statements about organizational markets is true?
A) The average purchase size in organizational markets is much smaller than the average purchase size in the consumer market. B) Demand for products in the organizational market is derived from demand for consumer products. C) Most demand for organizational markets is fixed. D) Organizational marketers have a broad customer base and a large number of buyers. E) Joint demand is not a factor.
Welfare capitalism is characterized by:
A. Worker cooperatives or worker-owned companies that redistribute wealth in such a way as to eliminate the need for welfare programs. B. Management systems that emphasize orderly hiring and firing procedures, wage incentives, protective insurance, positive work culture, and employee voice. C. Taxes on the rich which are then redistributed to unemployed workers. D. A free trade system which results in a high concentration of wealth among a very few and large numbers of people on welfare.
Legal objectives are included in the operational planning process during the setting up of a business plan.
Answer the following statement true (T) or false (F)
For the international investor, exchange rate risk is simply another layer of risk
Indicate whether this statement is true or false.