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fiasKO [112]
3 years ago
5

Derrick was in an automobile accident while he was going to work. The doctor advised him to stay home for eight months due to hi

s physical injuries. The resulting lawsuit was settled and Derrick received these amounts:
Compensatory damages for physical injury $80,000
Punitive damages 95,000
Lost wages 100,000
1. How much of the settlement must Derrick include in ordinary income on his tax return?
Business
1 answer:
Dima020 [189]3 years ago
3 0

Answer:

$95,000

Explanation:

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3 years ago
The County legislature approved its 2020 budget. Revenues from property taxes are estimated to be $800,000. The assessed value o
marin [14]

Answer:

The County

The property tax rate per $1,000 of net assessed value that the County must charge to collect sufficient property taxes to meet its $800,000 estimate is:

D. $26.67 for each $1,000 of net assessed value.

Explanation:

a) Data and Calculations:

Estimated Revenues from Property Taxes = $800,000

Assessed value of property in the county = $40 million

Exempted property in the county:

Homestead = $3.0 million

Veterans =        1.3 million

Old age =         0.7 million

Nonprofits =    5.0 million

Total exemptions = $10 million

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7 0
3 years ago
To a macroeconomist, a trade deficit is synonymous with which of the following?
aleksley [76]

Answer:

  A. outflow of financial capital

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3 years ago
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