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What will he net after taxes from this award

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Question - In 2021, Rudy won his defamation case and was awarded $500,000. The attorney will collect from Rudy one-half of the $500,000 as attorney fees. Rudy is an employee of R & M Industries. His marginal tax bracket is 37%. Explain the problem that Rudy has. Hint, what will he net after taxes from this award?

Reference no: EM133065434

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