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
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 $21,200 for damages, $6,700 for emotional distress, and $51,200 for punitive damages. What amount must Paul include in his gross income?
Multiple Choice
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$72,400.
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$21,200.
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$6,700.
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$79,100.
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$51,200.
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