Sarah and Tai are influencers who share relationship content on YouTube. Tai was physically and emotionally abusive to Sarah throughout their relationship. They got into a fight and Tai threw Sarah down the stairs. Sarah became paralyzed and could no longer work. Sarah and her family sued Tai for damages due to physical injury, lost income, and emotional distress as a result of the injury. Sarah estimated that her lost income and forfeited brand collaborations were worth $2,000,000. The court ordered Tai to pay compensatory damages of $1,500,000 and punitive damages of $500,000, which Tai paid. How much is Sarah required to include in her income? OA) $2,000,000 OB) $1,500,000 O c) $0 OD) $500,000
Sarah and Tai are influencers who share relationship content on YouTube. Tai was physically and emotionally abusive to Sarah throughout their relationship. They got into a fight and Tai threw Sarah down the stairs. Sarah became paralyzed and could no longer work. Sarah and her family sued Tai for damages due to physical injury, lost income, and emotional distress as a result of the injury. Sarah estimated that her lost income and forfeited brand collaborations were worth $2,000,000. The court ordered Tai to pay compensatory damages of $1,500,000 and punitive damages of $500,000, which Tai paid. How much is Sarah required to include in her income? OA) $2,000,000 OB) $1,500,000 O c) $0 OD) $500,000
Business Its Legal Ethical & Global Environment
10th Edition
ISBN:9781305224414
Author:JENNINGS
Publisher:JENNINGS
Chapter10: Cyberlaw, Social Media, And Privacy
Section: Chapter Questions
Problem 6QAP
Related questions
Question
Please given in detail answer.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Business Its Legal Ethical & Global Environment
Accounting
ISBN:
9781305224414
Author:
JENNINGS
Publisher:
Cengage
Business Its Legal Ethical & Global Environment
Accounting
ISBN:
9781305224414
Author:
JENNINGS
Publisher:
Cengage
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT