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Business, 30.03.2020 22:17 rclara34oxbrr9

George is awarded $55,000 in compensatory damages for harm to his reputation and $30,000 in compensatory damages for bodily injury. In addition, George is awarded $275,000 in punitive damages. How much of these awards must George recognize in taxable income?

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George is awarded $55,000 in compensatory damages for harm to his reputation and $30,000 in compensa...

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