It Is Sometimes Difficult to Measure Damages

question 12

Essay

It is sometimes difficult to measure damages. Explain that statement in the context of an award of general damages.

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Definitions:

AGI Floor

A threshold based on a taxpayer's adjusted gross income (AGI) that limits the deductibility of certain expenses.

Professional Dues

Fees paid to a professional organization or union that the member may be able to deduct on their tax return.

Medical Expense Deduction

A tax deduction for expenses related to the diagnosis, cure, mitigation, treatment, or prevention of disease.

Adjusted Gross Income

Gross income minus adjustments, used to determine taxable income on an individual's tax return.