Cash Option ($50.2 Million) |
Gross Cash Payment |
37% Federal Withholding |
No State Withholding |
Lump-Sum Net Payment |
$50,200,000.00 |
-$18,534,330.00 |
-$0.00 |
$31,665,670.00 |
Annuity ($110 Million in 30 Annual Payments) |
Year |
Annual Gross Payment |
37% Federal Withholding |
No State Withholding |
Annual Net Payment |
1 |
$1,655,610.00 |
-$572,906.00 |
-$0.00 |
$1,082,704.00 |
2 |
$1,738,440.00 |
-$603,553.00 |
-$0.00 |
$1,134,887.00 |
3 |
$1,825,340.00 |
-$635,706.00 |
-$0.00 |
$1,189,634.00 |
4 |
$1,916,640.00 |
-$669,487.00 |
-$0.00 |
$1,247,153.00 |
5 |
$2,012,450.00 |
-$704,937.00 |
-$0.00 |
$1,307,513.00 |
6 |
$2,113,100.00 |
-$742,177.00 |
-$0.00 |
$1,370,923.00 |
7 |
$2,218,700.00 |
-$781,249.00 |
-$0.00 |
$1,437,451.00 |
8 |
$2,329,690.00 |
-$822,316.00 |
-$0.00 |
$1,507,374.00 |
9 |
$2,446,180.00 |
-$865,417.00 |
-$0.00 |
$1,580,763.00 |
10 |
$2,568,500.00 |
-$910,675.00 |
-$0.00 |
$1,657,825.00 |
11 |
$2,696,870.00 |
-$958,172.00 |
-$0.00 |
$1,738,698.00 |
12 |
$2,831,730.00 |
-$1,008,070.00 |
-$0.00 |
$1,823,660.00 |
13 |
$2,973,300.00 |
-$1,060,451.00 |
-$0.00 |
$1,912,849.00 |
14 |
$3,122,020.00 |
-$1,115,478.00 |
-$0.00 |
$2,006,542.00 |
15 |
$3,278,110.00 |
-$1,173,231.00 |
-$0.00 |
$2,104,879.00 |
16 |
$3,442,010.00 |
-$1,233,874.00 |
-$0.00 |
$2,208,136.00 |
17 |
$3,614,050.00 |
-$1,297,529.00 |
-$0.00 |
$2,316,521.00 |
18 |
$3,794,780.00 |
-$1,364,399.00 |
-$0.00 |
$2,430,381.00 |
19 |
$3,984,530.00 |
-$1,434,606.00 |
-$0.00 |
$2,549,924.00 |
20 |
$4,183,740.00 |
-$1,508,314.00 |
-$0.00 |
$2,675,426.00 |
21 |
$4,392,960.00 |
-$1,585,726.00 |
-$0.00 |
$2,807,234.00 |
22 |
$4,612,630.00 |
-$1,667,003.00 |
-$0.00 |
$2,945,627.00 |
23 |
$4,843,190.00 |
-$1,752,311.00 |
-$0.00 |
$3,090,879.00 |
24 |
$5,085,410.00 |
-$1,841,932.00 |
-$0.00 |
$3,243,478.00 |
25 |
$5,339,620.00 |
-$1,935,990.00 |
-$0.00 |
$3,403,630.00 |
26 |
$5,606,700.00 |
-$2,034,809.00 |
-$0.00 |
$3,571,891.00 |
27 |
$5,886,980.00 |
-$2,138,513.00 |
-$0.00 |
$3,748,467.00 |
28 |
$6,181,340.00 |
-$2,247,426.00 |
-$0.00 |
$3,933,914.00 |
29 |
$6,490,440.00 |
-$2,361,793.00 |
-$0.00 |
$4,128,647.00 |
30 |
$6,814,940.00 |
-$2,481,858.00 |
-$0.00 |
$4,333,082.00 |
|
Total Gross Payment |
Total Federal Withholding |
Total State Withholding |
Total Annual Net Payment |
|
$110,000,000.00 |
-$40,700,000.00 |
-$0.00 |
$69,300,000.00 |
|