Taki was injured in an airplane crash. He sues the airline and receives $4,400 for his pain
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Taki was injured in an airplane crash. He sues the airline and receives $4,400 for his pain and suffering, $3,300 for lost wages while he recuperated from his injuries, and
$7,000 in punitive damages. He also uses $1,000 from his Medical Savings Account to pay for medical expenses related to the crash. Taki had deposited $1,400 in the account during the year.
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Related Book For
Concepts In Federal Taxation 2011
ISBN: 9780538467926
18th Edition
Authors: Kevin E. Murphy, Mark Higgins
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