What are the tax consequences for taxpayer

Assignment Help Finance Basics
Reference no: EM133276086

Taxpayer was sexually assaulted by the manager. Taxpayer was also turned down for a promotion because of the taxpayer's gender. Taxpayer sues and recovers $40,000 from the manager and $50,000 from the employer. What are the tax consequences for taxpayer?

A- Taxpayer has no gross income.

B- Taxpayer has $40,000 gross income.

C- Taxpayer has $50,000 gross income.

Reference no: EM133276086

Questions Cloud

Describe why being at high altitude : Describe why being at high altitude (atmospheric pressure of 380mmHg) results in respiratory alkalosis
How covid-19 and the war in ukraine affected : Provide a critical analysis and discussion on how COVID-19 and the war in Ukraine has affected the strategy of banks. Your response should include the monetary
Explain how and why flexibility scores change with aging : KIN 346L California State University, Northridge Briefly explain how and why flexibility scores change with aging - Explain why the hamstrings, back
Do you feel like the information presented makes sense : The second unit of the course has focused on preliminary work that is done prior to the start of audit fieldwork.
What are the tax consequences for taxpayer : Taxpayer was sexually assaulted by the manager. Taxpayer was also turned down for a promotion because of the taxpayer's gender.
Identify the most likely mental health disorder : PSY 1150 College of Southern Maryland - Identify the most likely mental health disorder based only on the evidence provided in each scenario, and then using
What are the benefits of the corporation in comparison : What are the benefits of the corporation in comparison with the partnership and proprietorship structures? How is equity treated and reported differently in thi
Accounting for management decision making : Explain an ethical control systems and state its key elements
Statistical techniques to monitor and control a process : Statistical Process Control is the application of statistical techniques to monitor and control a process.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the current share price

what is the current share price? (Hint: Calculate the first four dividends.) (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current share price $

  What is the company accounts payable balance

An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable.

  Explain the stabilization policies

Explain why stabilization policies are usually pursued using monetary rather than fiscal policy.

  Looking for analysis of the significance of three matrices

Also need the key information for each and how information from each will influence recommendations for strategy selection, planning, and implementation

  Arbitrage opportunity in the market

We have two economic factors ??1 and ??2 in a two-factor APT model. We have the following data on three well-diversified portfolios.

  What are the expected return and standard deviation

In Problem 12, what are the expected return and standard deviation on the minimum variance portfolio?

  How much should you have in total at the end of 25 years

If you never withdraw any funds from the account, if all funds earn the going rate of return for the time period, and if all of your savings

  What is thre return on blylock corp stock

The current risk free rate is 3%. Based on the three-factor APT model, what is thre return on Blylock Corp. stock?

  How can you judge the current performance of the centre

Can you find the resources that the centre will need to maintain - or improve - the current level of service with increasing numbers of patients?

  Construct a mean-variance efficient portfolio

Assume that stock market returns do not resemble a single-index structure. An investment fund analyzes 40 stocks in order to construct a mean-variance.

  Beta and the expected return of obi-wan portfolio

Obi-wan forms an aggressive growth portfolio by investing 20% of his savings in Ford stock, 24% in Nissan stock, 24% in Subaru stock

  Discuss the advantages of shelf registration what kinds of

discuss the advantages of shelf registration. what kinds of securities are most likely to be registered this

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd