Acme Published a Story About Paul and as a Result

Multiple Choice

Acme published a story about Paul and as a result Paul sued Acme for damage to his reputation, emotional distress, and punitive damages.Paul won an award of $20,000 for damages, $5,500 for emotional distress, and $50,000 for punitive damages.What amount must Paul include in his gross income?

A) $5,500
B) $20,000
C) $50,000
D) $70,000
E) $75,500