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Anestetic [448]
3 years ago
13

Acme published a story about Paul, and as a result Paul sued Acme for damage to his reputation, emotional distress, and punitive

damages. Paul won an award of $36,250 for damages, $10,100 for emotional distress, and $58,200 for punitive damages. What amount must Paul include in his gross income?
Business
1 answer:
Marrrta [24]3 years ago
4 0

Answer:

all these are included in the gross income

Explanation:

given data

damages = $36,250

emotional distress = $10,100

punitive damages = $58,200

to find out

What amount must Paul include in his gross income

solution

we know according to the tax laws that specify only payment on account of (1) physical injury and (2)  physical sickness is non taxable

so here  taxpayers receive

  • damages
  • emotional distress
  • punitive damages

they are not associate with the physical injury so all these mentioned are not covered in physical damages

so we can say that all these are included in the gross income

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Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

3 0
3 years ago
Subdivision regulations imposed by developers in an effort to maintain control of the development of the subdivision are an exam
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8 0
2 years ago
A natural monopolya. exists when many sellers experience lower average total costs than potentialcompetitors do.b. exists when a
liq [111]

Answer:

e. exists when a single seller experiences lower average total costs than any potential competitor.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public water supply company is an example of a monopoly because they serve as the only source of water provider to the general public in a society.

A natural monopoly exists when a single seller experiences lower average total costs than any potential competitor because of the very high start-up or initial cost and economy of scale.

8 0
2 years ago
Is the yield to maturity on a bond the same thing as the required return? Is YTM the same thing as the coupon rate? Suppose toda
kiruha [24]

Answer:

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So, in the given case, the Coupon rate is 10% and the YTM is 8% as it reflects the maturity i.e two years from now

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3 years ago
A noncash item is an expense charged against revenues that does not directly affect the cash flow.
Naddik [55]
The answer is (a) True
5 0
3 years ago
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