John sued Norma who caused the car accident. John received the following settlement: Physical damage to his

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John sued Norma who caused the car accident. John received the following settlement: Physical damage to his arms and legs caused by the accident $15,000; Loss of income while his physical injuries were healing $ 6,000; Punitive damages $30,000.

How much of the settlement will be included in John's gross income?

Related Book For answer-question

University Physics with Modern Physics

ISBN: 978-0321696861

13th edition

Authors: Hugh D. Young, Roger A. Freedman, A. Lewis Ford

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Posted Date: Apr 11, 2023 12:08 AM

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John sued Norma who caused the car accident. John received the following settlement: Physical damage to his

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In general compensation for personal physical injuries or sickness is ... View the full answer

University Physics with Modern Physics

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