Olaf was injured in an automobile accident and received $25,000 for his physical injury, $50,000 for his loss of income, and $10,000 punitive damages. As a result of the award, the amount Olaf must include in gross income is:

a. $10,000.
b. $50,000.
c. $60,000.
d. $85,000.
e. None of these.

10,000

Explanation:

From the question, it can be deduced that $25,000 received for physical injury, and $60,000 received for his loss of income can be categorised as an expense. $10,000 received for punitive damages is the only form of earning. Hence the $10,000 gross income.

the united states has a federal government. the president is the head of the federal government of the united states. however, each state forms its government for administration purposes. the powers of the state governments are exercised within restricted state boundaries. and citizens participate in this government by voting.

a.indigo and cochineal

b.animal hides

c.silver and gold

e.cacao beans and sugarcane