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Shawna was hurt in an automobile accident which was the other driver's fault. She received a cash settlement from the insurance company that paid $10,000
Shawna was hurt in an automobile accident which was the other driver's fault. She received a cash settlement from the insurance company that paid $10,000 in lost wages, $50,000 to cover medical bills, and $25,000 for punitive damages. How much of what Shawna received is taxable for income tax purposes?
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