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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
36.            Â
Determine the effect on gross income in each of the following cases:
a.     Eloise received $150,000 in settlement of a sex discrimination case against her former employer.
b.    Nell received $10,000 for damages to her personal reputation. She also  received
$40,000 in punitive damages.
c.     Orange Corporation, an accrual basis taxpayer, received $50,000 from a lawsuit filed against its auditor who overcharged for services rendered in a previous year.
d.    Beth received $10,000 in compensatory damages and $30,000 in punitive dam- ages in a lawsuit she filed against a tanning parlor for severe burns she received from using its tanning equipment.
e.     Joanne received compensatory damages of $75,000 and punitive damages  of
$300,000 from a cosmetic surgeon who botched her nose job.
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