Jack received a court award in a civil libel and slander suit against National Gossip. He received $120,000 for damages to his professional reputation, $100,000 for damages to his personal reputation, and $50,000 in punitive damages. Jack must include in his gross income as a damage award: A. $0. B. $100,000. C. $120,000. D. $270,000. E. None of the above.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jack received a court award in a civil libel and slander suit against National Gossip. He received $120,000 for damages to his professional ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In 2 or 3 sentences, define price discrimination and give one example
Answers (2)
One of the ways governments try to bring their (market) economies out of recession, to reduce unemployment, etc. is by A) enacting price controls and rationing rules. BY) raising the minimum wage and lowering employment ages.
Answers (2)
Vanessa Company is evaluating two projects. project 1 is a project requiring a capital expenditure of 814,400. the project has an estimated life of four years and no salvage value.
Answers (1)
Madrid Company plans to issue 8% bonds with a par value of $4,000,000. The company sells $3,600,000 of the bonds at par on January 1. The remaining $400,000 sells at par on July 1. The bonds pay interest semiannually on June 30 and December 31. 1.
Answers (1)
What is it called when an identity thief calls or emails you pretending to be someone else in order to get your personal information? Pretexting Phishing Sponsoring Skimming
Answers (2)
New Questions in Business
Sunset Foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations.
Answers (1)
Ignoring issues of the statute of frauds, is there a contract for the sale of vinny's celica?
Answers (1)
The management of Retz Corporation is considering the purchase of a new machine costing $500,000. The company's desired rate of return is 10%. The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909, 0.826, 0.
Answers (1)
Jane and Ed Rochester are married with a 2-year-old child, who lives with them and whom they support financially.
Answers (1)
One day a supplier supplied 300 units of a good at $20 per unit. A week later the same supplier supplied the same number of units at $10 per unit. Based on this evidence the supplier has experienced: a a decrease in quantity supplied.
Answers (2)