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Masteriza [31]
3 years ago
8

Pam recently was sickened by eating spoiled peanut butter. she successfully sued the manufacturer for her medical bills ($3,700)

, her emotional distress ($6,000 − she now fears peanut butter), and punitive damages ($44,000). what amount must pam include in her gross income?
Business
1 answer:
adell [148]3 years ago
7 0

Answer: $44,000<span>

<span>The tax laws state that any payments (except PUNITIVE DAMAGES) on the account of a physical injury or physical sickness are non-taxable. Damages that taxpayers can receive relating to emotional distress are also non-taxable. Punitive damages however are fully taxable, because they are intended to penalize the harm-doer rather than to compensate the taxpayer for injuries.</span></span>

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Answer:

The answer is <u>"November 13".</u>

Explanation:

November 13 is the date from which credit period begins in the given scenario because credit period refers to the no. of days that a client is permitted to hold up or wait before paying a receipt or an invoice. It does not refer to the number of days that the client takes to pay an invoice.

6 0
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Scenario 10 Suppose that in Country A, one worker per day can produce either 120 units of food or 50 units of capital goods; whi
aleksandrvk [35]

Answer:

1) country A has a comparative advantage in production of capital goods.

2) for country A 24 units of food can be traded for 10 units of capital goods,

for country B 30 units of food can be traded for 10 units of capital goods.

Explanation:

country A has a comparative advantage in production of capital goods because they have been able to produce more capital goods with the same amount of input (worker) than country B.

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5 0
3 years ago
Daily demand for a product is 200 units. the production lead time is 2 days. a 1-day safety stokc is kept. how many kanban conta
SashulF [63]

Answer:6 kanban containers are needed  

Explanation: Using the formula

Number of kanban containers =( dL + S)/C

Where

Average demand, d = 200

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4 0
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A company had net cash flows from operations of $341,000, net income of $286,000 and average total assets of $1,850,000. The cas
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Therefore, the answer to the question is 18.43%

8 0
3 years ago
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