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Diane sued her former employer for discrimination. She was awarded $100,000 for lost wages, $30,000 for compensatory award with neither medical issue or physical injury
Diane sued her former employer for discrimination. She was awarded $100,000 for lost wages, $30,000 for compensatory award with neither medical issue or physical injury resulting from the discrimination, and $40,000 in punitive damages. Coincidentally, she inherited $20,000 from her father and received $7,000 as a gift from her mother. What is the amount taxable?
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