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MissTica
2 years ago
5

Theresa sued her former employer for age, race, and gender discrimination. She claimed $200,000 in damages for loss of income, $

300,000 for emotional harm, and $500,000 in punitive damages. She settled the claim for $700,000. As a result of the settlement, Theresa must include in gross income:
Business
1 answer:
Nimfa-mama [501]2 years ago
5 0

Answer:

$700,000

Explanation:

Although Theresa claimed $200,000 for damages, $300,000 for emotional harms and $500,000 in punitive damages, the final settlement was made at $700,000.

Hence, the gross income must include the amount which was actually used and received in settlement and this is $ 700,000.

Hope this Clear things up

Good Luck.

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Answer: (B)

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Suppose you are a supply chain manager for De Beers Diamond co., and your job is to order components for a manufacturing facilit
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100 units

Explanation:

Given that,

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