Solved: Marys actual hospital costs were 66500 and her therapy cost, Accounting Basics

Marys actual hospital costs were 66500 and her therapy cost

Question - James ran a stop sign and smashed into Mary's automobile. Mary was seriously injured and sued James and his insurance company. She was awarded the following:

• $10000 for lost income
• $64500 for hospital costs
• $8000 for therapy to overcome her fear of driving
• $98000 for the loss of function in her right hand
• $46200 punitive damages

Mary's actual hospital costs were $66500 and her therapy cost $7000. How much must Mary include in income?

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Accounting Basics: Marys actual hospital costs were 66500 and her therapy cost

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Accounting Basics: Marys actual hospital costs were 66500 and her therapy cost

Reference No:- TGS02836005

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Q : Marys actual hospital costs were 66500 and her therapy cost