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8. Margaret successfully litigated several lawsuits during 2020, receiving amounts as listed below. Breach of contract damage award $7,000 Compensation award (defamation) for lost wages

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8. Margaret successfully litigated several lawsuits during 2020, receiving amounts as listed below. Breach of contract damage award $7,000 Compensation award (defamation) for lost wages 5,000 Punitive damages (physical injury) 4,000 Compensation award for physical injury 1,000 Workers' compensation (sickness) 2,000 What income amount will Margaret report on her 2020 federal income tax return? $15,000 B 16,000 19,000 D 12,000 E None of the above

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