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Company A sued Company B for breach of contract. Company A won the lawsuit and was awarded monetary compensation in the amount of $450,000. Company
Company A sued Company B for breach of contract. Company A won the lawsuit and was awarded monetary compensation in the amount of $450,000. Company A had legal expenses in the amount of $175,000. They also had travel expenses, related to the lawsuit, in the amount of $28,000 and expert witness costs in the amount of $35,000. What amount of the compensation is taxable to Company A?
a) $450,000 b) $275,000 c) $212,000 d)$ 0
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