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Pam recently was sickened by eating spoiled peanut butter. She successfully sued the manufacturer for...

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Question

Accounting

Pam recently was sickened by eating spoiled peanut butter. She successfully sued the manufacturer for her medical bills ($4,270), her emotional distress ($6,300she now fears peanut butter), and punitive damages ($45,000). What amount must Pam include in her gross income?

Multiple Choice

  • $45,000

  • $10,570

  • $51,300

  • $0

  • $49,270

Answer & Explanation Solved by verified expert
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