Business, 07.04.2020 01:28 damienlopezram
Derrick was in an automobile accident while he was going to work. The doctor advised him to stay home for eight months due to his 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
How much of the settlement must Derrick include in ordinary income on his tax return?
Answers: 1
Another question on Business
Business, 22.06.2019 09:50
phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)
Answers: 3
Business, 22.06.2019 15:40
Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.
Answers: 1
Business, 22.06.2019 16:30
On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.
Answers: 1
Business, 22.06.2019 19:40
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
You know the right answer?
Derrick was in an automobile accident while he was going to work. The doctor advised him to stay hom...
Questions
Mathematics, 26.03.2020 22:26
Mathematics, 26.03.2020 22:26
Mathematics, 26.03.2020 22:26
History, 26.03.2020 22:26
English, 26.03.2020 22:27
Mathematics, 26.03.2020 22:27
Mathematics, 26.03.2020 22:27
Geography, 26.03.2020 22:27
French, 26.03.2020 22:27
Mathematics, 26.03.2020 22:27
Mathematics, 26.03.2020 22:27
