accounting 240 tax

Project Description:

. barbara was injured in an automobile accident. she has threatened to file a suit against the other party involved in the accident and has proposed the following settlement:
damages for 25% loss of the use of her right arm $200,000
medical expenses 30,000
loss of wages 10,000
punitive damages 100,000
_______
$340,000

the defendant’s insurance company is reluctant to pay punitive damages. also, the company disputes the amount of her loss of wages amount. instead, the company offers to pay her $300,000 for damages to her arm and $30,000 medical expenses. assuming barbara is in the 35% marginal tax bracket, will her after-tax proceeds from accepting the offer be equal to what she considers to be her actual damages (as listed above)?
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Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
Completed
Total Proposals: 5
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