'Exemplary Damages' Are

question 32

Multiple Choice

'Exemplary damages' are:

• A)damages awarded to a plaintiff who has not suffered any actual loss as a result of a breach of conduct.
• B)an award of damages to the plaintiff in an amount above and beyond mere compensation, intended by the court to penalise or punish the defendant.
• C)a pre-estimate of the quantity of damages one party will be entitled to in the event of breach by the other party.
• D)damages payable to the plaintiff that cannot be easily calculated in advance.

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Definitions:

Capital Gains

The profit earned from the sale of an asset, such as stocks or real estate, where the selling price exceeds the original purchase price.

Marginal Tax Rates

The rate at which the next dollar of taxable income will be taxed, according to the income tax brackets set by the government.

Capital Gains

The profit from the sale of an asset or investment, which is the difference between the sale price and the purchase price.

Marginal Tax Rates

The fraction of your income subjected to taxation, based on the qualifying tax brackets.