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Example 1: Ashley rides her bike to work every day. Last year, she was hit by a car and suffered severe injuries. Ashley sued the
Example 1: Ashley rides her bike to work every day. Last year, she was hit by a car and suffered severe injuries. Ashley sued the driver and was awarded the following: $40,000 to pay for her medical expenses $100,000 for pain and suffering from the injuries $20,000 for lost wages and reduction in future earnings $2M in punitive damages How much (if any) does Ashley include in her income?
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