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3) After he was denied awarded a promotion, Daniel sued his employer claiming sex discrimination....

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Accounting

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3) After he was denied awarded a promotion, Daniel sued his employer claiming sex discrimination. He was $20,000 to cover medical bills he incurred because of the related emotional distress, $80,000 to punish his employer for discrimination, and $50,000 to compensate him for lost wages. What is the amount that must be included in Daniel's gross income for the year? 4) Lacky is single and provides you with the following tax information for 2016: Salary Capital gain on antique chair held for 3 years Capital gain on an asset (stock) held for 11 months Capital gain on an asset (stock) held for 16 months $200,000 4,000 9,000 5,000 8,000 Capital gain on an asset (stock) held for 30 months Compute her tax liability. [Show all calculations in good form.]

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