Olaf was injured in an automobile accident and received $25,000 for his physical injury, $60,000 for his loss of income, and $10,000 for 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.

the amount Olaf must include in gross income is  $10,000.

Explanation: GROSS INCOME can be defined as income generated such as wages, salaries, profits, interest payments, rents, and other forms of earnings, before deducting expenses, taxes, insurances, etc.

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.

hi there!

moors is essentially another word for muslims.

the moors invaded spain around year 700, during their time ruling spain the muslims promoted religious tolerance (moors tolerated jews who were viewed as outcasts by northerners), the moors as well had a great impact on their language, and architecture (palaces were created).

i hope this !