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Question: Which of the following statements about damages related to personal physical injuries is FALSE?...

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Accounting

Question: Which of the following statements about damages related to personal physical injuries is FALSE?

  1. Mitigation does not apply to parties with personal physical injuries.
  2. Damages are not taxable.
  3. Lost wages should be measured from after-tax wages, rather than gross wages.
  4. Future lost wages should be discounted using a rate of return on a safe investment.

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