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klasskru [66]
4 years ago
9

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 $20,000 for damages, $5,500 for emotional distress, and $50,000 for punitive damages. what amount must paul include in his gross income? $5,500 $20,000 $50,000 $70,000 all of the benefits are included in gross income.
Business
2 answers:
scZoUnD [109]4 years ago
8 0

Answer:

All of the benefits are included in gross income.

Explanation:

The gross income is the amount of money you receive in a specific period of time before taxes are deducted. When someone receives money from a lawsuit, this money is taxable and has to be included in the gross income with exception to the personal injury cases in which the benefits are tax-free but the injury has to be physical.

In this case, Paul has to pay taxes on his total earnings because emotional distress is not a physical injury and it would be taxed as an income. Because of that, the answer is that Paul must include in his gross income all of the benefits.

ivolga24 [154]4 years ago
7 0

All of the benefits for <em>non-personal injury</em> cases must be reported as gross income for tax purposes. Since defamation isn't a personal injury claim, all of the award must be reported and is subject to taxation.

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3 years ago
Benitez Company currently outsources a relay switch that is a component in one of its products. The switches cost $26 each. The
love history [14]

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Total cost is  253,800 $ and cost per unit is 31.725 $.

Explanation:

Material (8000 X 6)                                                    48000

Labor     (8000 X 5)                                                    40000

Factory OH ( 8000 X 4)                                              32000

Salaries                                                                         42000

Set up cost                                                                   34000

Facility level cost                                                         <u> 29000</u>

Total Manufacturing Cost                                           <u>225000</u>

Opportunity Cost ( 2400 X 12)                                     28800

Total Relevant Cost                                                      $<u>253,800</u>

<u>Cost / Unit (253800/8000)</u><em>                                     $  31.725/ unit. </em>

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3 years ago
Underlying most of the trade theories discussed is the notion that: Group of answer choices firms that establish a first-mover a
Varvara68 [4.7K]

Answer:

It usually makes sense for a firm to consolidate its productive activities in one country

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1. Classic theories

2. Modern theories

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3 years ago
Assuming that the market is arbitrage-free, if a three-month zero-coupon bond yields 2.25 percent sign, a six-month zero-coupon
hodyreva [135]

Answer:

The answer is 1016.69

Explanation:

Solution

Given that:

Coupon payment = 1000 * 0.05 / 4 = 12.5

Now,

The cash flow at

                                    Rate          Discount factor

3 months = 12.5          2.25%       1/1 + (0.0225/4) =0.9944

6 months = 12.5          2.45%       0.9897

9 months = 12.5          2.95%       0.9789

I year       = 12.5           3.35%       0.9676

Now,

The present value =

12 .5 * ( 0.9944 + 0.9897 +0.9789)

+

1012 * (0.9676 = 1016.69

8 0
3 years ago
Question 4 of 20
lisov135 [29]

Answer:

A

Explanation:

I'm not 100% certain but if I'm not wrong it has to either be A or D since indirect isnt going STRAIGHT to the gonverment

7 0
3 years ago
Read 2 more answers
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