Early in the Year,Marion Was in an Automobile Accident During

question 137

Multiple Choice

Early in the year,Marion was in an automobile accident during the course of his employment.As a result of the physical injuries he sustained,he received the following payments during the year: What is the amount that Marion must include in gross income for the current year?

• A)$25,000.
• B)$15,000.
• C)$12,500.
• D)$10,000.
• E)$0.

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Definitions:

Blood Clot

A mass formed by the coagulation of blood to stop bleeding in response to an injury or cut.

Vitamin K

A fat-soluble vitamin important for blood clotting and bone health, found in green leafy vegetables, vegetable oils, and some fruits.

Fat-Soluble Vitamin

Vitamins that dissolve in fats and oils, can be stored in the body's fatty tissue and liver, including vitamins A, D, E, and K.

Vitamin E

A fat-soluble vitamin important for maintaining healthy skin and a strong immune system, also acting as an antioxidant.