Jack received a court award in a civil libel and slander suit against National Gossip.He received $120,000 for damages to his professional reputation, $100,000 for damages to his personal reputation, and $50,000 in punitive damages.Jack must include in his gross income as a damage award:
A) $0.
B) $100,000.
C) $120,000.
D) $270,000.
E) None of these.
Correct Answer:
Verified
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