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Gross Income

All the money an individual earns or receives from various sources before any deductions or taxes are taken out.

Judgment, Award, or Settlement

Money a person receives as a result of a legal case, either ordered by a court (judgment/award) or agreed upon outside of court (settlement).

Internal Revenue Code (IRC)

The main body of federal tax laws in the United States, which is administered by the Internal Revenue Service (IRS).

Punitive Damages

Money awarded in a lawsuit that is intended to punish the wrongdoer for their actions and deter similar conduct, rather than to simply compensate the victim for their losses.

Backpay/Frontpay

Backpay refers to wages an employee should have received in the past but did not. Frontpay refers to wages an employee is expected to lose in the future, often awarded in cases involving unfair termination or discrimination.

Nonconsensual Sexual Act or Contact

Sexual activity that occurs without a person's explicit and voluntary agreement, often referred to as sexual assault.

Taxable Year

The annual accounting period for which an individual or company reports income and expenses for tax purposes. For most individuals, this is the calendar year.