10 Shawn is among the most interesting men in the world though those closest to him would say he often has difficulty expressing his feelings. One day, Shawn was playing lai Alai and was thoroughly dominating his opponent. Jai Alai then became jealous of Shawn's good looks, and attacked Shawn. Shawn filed a lawsuit against his attacker and won. In the lawsuit, Shawn was awarded the following damages. Shawn has NOT previously deducted his medical expenses $53,000 Punitive Damages $5,000 Damages for Emotional Distress $7,000 Reimbursement for medical expenses related to the treatment of his broken nose (he had a really nice nose, I'm told and a broken leg (not previously deducted) out of the damages listed above, how much does Shawn include in his taxable income 11 Karl has a total taxable income of $500,000 and all of his income comes from dividends. Karl files as a single tax payer. What is the tax rate does Karl need to apply for the dividends in 2014? (Instructions: if the answer is 12 write 0.12. 12% is not the correct answer for this