Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. christie sued her former employer for a back injur

Christie sued her former employer for a back injury she suffered on the job in...

70.2K

Verified Solution

Question

Accounting

Christie sued her former employer for a back injury she suffered on the job in 2018. As a result of the personal injury, she was partially disabled. in 2019, she received $240,000 for her loss of future income, $100,000 workers compensation, $160,000 in punitive damages because of the employers flagrant disregard for the employers safety, and $15,000 for medical expenses. The medical expenses were deducted on her 2018 return, reducing her taxable income by $12,000. Christie's 2019 gross income from the above is:

a. $500,000 b. 412,000 c. 255,000 d. $175,000 e. $172,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the general solution of the equation: y^(6)+y''' = t

Basic Math
Q

1) Constant-volume calorimeters are sometimes calibrated by running a combustion reaction of known ΔE and measuring...

Chemistry
Q

Spikes are projections on the outer surfaces of some viruses.TrueFalse

Biology
Q

lete the following dihybrid crosses Using the information provided in each problem and the steps...

Biology
Q

1 point Consider the following statement Some people are allergic to cats For the following...

Basic Math
Q

A circle has a radius of 3 inches. A) What is the diameter? B) What...

Calculus
Q

Assume Plain Ice Cream Company, Incorporated, in...

Accounting
Q

[The following information applies to the questions displayed below.] Rickys Piano Rebuilding Company has been...

Accounting
Q

A company has 40% equity and 60% debt. Return on equity is 8%, while the...

Accounting
Q

Antuan Company set the following standard costs per unit for its product. ...

Accounting
Q

Lucia Company has set the following standard cost per unit for direct materials and direct...

Accounting
Q

Kapinsky Capital Geneva (B). Christoph Hoffeman of Kapinsky Capital believes the Swiss franc will appreciate...

Finance