Henson was one of the passengers of a van that fell of a ravine. Henson sued the bus company and was awarded an indemnity of P800K for the following: - P500k for the impairment of his health resulting to the amputation of his legs - P200K for his loss of salaries during his hospitalization -P100K for his attorney’s fees Compute Henson’s return of capital.

Henson was one of the passengers of a van that fell of a ravine. Henson sued the bus company and was awarded an indemnity of P800K for the following: - P500k for the impairment of his health resulting to the amputation of his legs - P200K for his loss of salaries during his hospitalization -P100K for his attorney’s fees Compute Henson’s return of capital.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter7: Losses—deductions And Limitations

Section: Chapter Questions

Problem 46P

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