Christie Sued Her Former Employer for a Back Injury She

question 110

Multiple Choice

Christie sued her former employer for a back injury she suffered on the job in 2017. As a result of the injury, she was partially disabled. In 2018, she received $240,000 for her loss of future income, $160,000 in punitive damages because of the employer's flagrant disregard for the employee's safety, and $15,000 for medical expenses. The medical expenses were deducted on her 2017 return, reducing her taxable income by $12,000. Christie's 2018 gross income from the above is:

• A)$415,000.
• B)$412,000.
• C)$255,000.
• D)$175,000.
• E)$172,000.

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Definitions:

Sales Response Function

Relates the expense of the marketing effort to the marketing results obtained.

U-shaped

Refers to a pattern or layout that resembles the letter “U,” often used to describe the configuration of tables, desks, or other arrangements.

S-shaped

A term often used to describe a curve or growth pattern that starts slowly, accelerates, and then slows down again, resembling the letter "S."

Kaizen

A Japanese business philosophy of continuous improvement of working practices, personal efficiency, etc.