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  • Mar 1, 2006, 04:45 PM
    sadkins415
    Homework help
    Can anyone tell me what the effect on gross income is for these two problems.

    1. Eloise received $150,000 in settlement of a sex discrimination case against her former employer.

    2. Nell received $10,000 for damages to her personal reputation. She also received $40,000 punitive damages.

    Thank you so much!
  • Mar 1, 2006, 08:37 PM
    CaptainForest
    Gross Income for Eloise and Nell goes up.

    For the losers of the cases, theirs goes down.

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