Wes was a major league baseball pitcher who earned $10 million for his 20 wins this year.
Question:
Wes was a major league baseball pitcher who earned $10 million for his 20 wins this year. Sam was also a major league baseball pitcher before a career-ending injury caused by a negligent driver. Sam sued the driver and collected $6 million as compensation for lost estimated future income as a pitcher and $4 million as punitive damages. Do the amounts that Wes and Sam receive have the same effect on their gross income? Explain.
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No The 10 million amount that Wes received is included in his gross i...View the full answer
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Somshukla Chakraborty
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