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Business, 14.04.2020 22:23 dazzlecaptain212

Derrick was in an automobile accident while he was going to work. The doctor advised him to stay home for eight months due to his physical injuries. The resulting lawsuit was settled and Derrick received these amounts:
Compensatory damages for physical injury $80,000
Punitive damages 95,000
Lost wages 100,000
1. How much of the settlement must Derrick include in ordinary income on his tax return?

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Derrick was in an automobile accident while he was going to work. The doctor advised him to stay hom...

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