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abruzzese [7]
2 years ago
9

Four years ago, Lyle Mercer was injured in a railroad accident and sued the railroad for damages. The jury required the railroad

to pay $600,000 compensation for his physical injuries, $150,000 for lost wages during his long recuperation, and $1,000,000 punitive damages. How much of the $1,750,000 settlement is included in Lyle's gross income?
Business
1 answer:
ziro4ka [17]2 years ago
8 0

Answer and Explanation:

The amount that settled is as follows

The total amount is $1,750,000

Out of which

The amount of

= $1,000,000 + $150,000

= $1,150,000

This would be involved in the AGL of L and the $600,000 would not be involved in the gross income as the taxpayer got injured by the other party act

So, the same is to be considered

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The answer is option b, that is false.
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2 years ago
MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisor’s salary $3,000; factory rent $6
s2008m [1.1K]

Answer:

Total cost= $204,750

Explanation:

Giving the following information:

Fixed costs: supervisor’s salary $3,000; factory rent $6,500

Mixed costs: utilities $3,500 + $10.25 per unit

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supplies used in production $13.50

packaging cost $7.25

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Required: Compute total costs to be incurred for a week with 2,950 units of activity.

Fixed costs= 3,000 + 6,500 + 3,500= $13,000

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2 years ago
gas-to-liquid (GTL) process that produces 140,000 bbl/day has aFCI of $12 billion. Estimate the FCI of a similar GTL plant produ
Y_Kistochka [10]

Answer:

$ 10.38 billion

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2 years ago
A poem on the story of snow white
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Answer:

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