Ella was injured at work and sued her employer. The court awarded her $35,000 to cover medical

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Ella was injured at work and sued her employer. The court awarded her $35,000 to cover medical bills, $25,000 in lost wages, and $50,000 in punitive damages. Which of these amounts are taxable? ANSWER Unselected The punitive damages of $50,000 are taxable, but the medical expenses and lost wages are excluded. Unselected None of the amounts are taxable as they are a result of a physical injury. Unselected The entire award, totaling $110,000, is taxable. Unselected The lost wages and punitive damages are taxable for a total of $75,000

Posted Date: May 18, 2024 11:07 AM

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Ella was injured at work and sued her employer. The court awarded her $35,000 to cover medical

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