35

Question 35 (1 point) Sam receives a judgment for injuries received from an automobile accident. Of the award, $30,000 was for injuries. pain, and medical bills: $2,000 was for lost wages; and $20,000 was for punitive damages. What is the taxable portion of this award? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! A Question 36 (1 point) Henry paid $149,640 for a 10 year annuity that pays $1.450 per month. Henry received 8 payments in the first year. What was the taxable portion of this annuity for the first year? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! IF YOU GET A DECIMAL AMOUNT IN YOUR FINAL ANSWER, ROUND UP THE ANSWER TO THE NEXT WHOLE DOLLAR AMOUNT