Question: Do you feel Lee should accept the offer? How would each scenario impact his tax situation? Ethics & Equity Classifying the Amount of the Claim

Do you feel Lee should accept the offer? How would each scenario impact his tax situation?

Ethics & Equity Classifying the Amount of the Claim Lee was injured in an automobile accident caused by a negligent driver of a commercial vehicle. Lee threatened to file a lawsuit against the company for $100,000 in damages for his physical injury and $100,000 for punitive damages. The company's insurer would not pay punitive damages. As a result, the company advised Lee to revise his claim for $150,000 in physical damages and no punitive damages. Should Lee accept the offer

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