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1.) Acme published a story about Paul, and as a result Paul sued Acme for damage to his reputation, emotional distress, and punitive damages. Paul
1.) Acme published a story about Paul, and as a result Paul sued Acme for damage to his reputation, emotional distress, and punitive damages. Paul won an award of $36,750 for damages, $10,350 for emotional distress, and $58,000 for punitive damages. What amount must Paul include in his gross income?
Multiple Choice
A. $10,350
B.$36,750
C. $58,000
D.$94,750
E.All of these benefits are included in gross income
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