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Barbara was injured in an automobile accident. She has threatened to file a suit against theother party involved in the accident andhas proposed the followingsettlement
Barbara was injured in an automobile accident. She has threatened to file a suit against theother party involved in the accident andhas proposed the followingsettlement Damages for 25% loss of the use of her right arm $200.000 Medical expenses 30,000 Loss of wages 10,000 Punitive damages 100.000 $340.000 The defendant's insurance company is reluctant to pay punitive damages. Also, the company disputes the amount of her loss of wages amount. So instead, the company offers to pay her $300,000 for damages to her arm and $30,000 medical expenses but no loss of wages and punitive damages Assuming Barbara s already in the 35% marginal tax bracket with other income meaning any additional income from the outcome of this accident is taxed at 35% vehich alternative is a better after ta dea or a bata? And y how much , 2 v., @MT. 12pt - Paragraph 0 words
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