Business, 17.12.2020 17:40, victoriaashby

Four years ago, Lyle Mercer was injured in a railroad accident and sued the railroad for damages. The jury required the railroad to pay $600,000 compensation for his physical injuries, $150,000 for lost wages during his long recuperation, and $1,000,000 punitive damages. How much of the $1,750,000 settlement is included in Lyle's gross income?

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Four years ago, Lyle Mercer was injured in a railroad accident and sued the railroad for damages. Th...