| Cash Option ($51.6 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
6% State
Withholding |
Lump-Sum
Net Payment |
| $51,600,000.00 |
-$12,900,000.00 |
-$3,096,000.00 |
$35,604,000.00 |
| Annuity ($79 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
6% State
Withholding |
Annual
Net Payment |
| 1 |
$1,408,577.83 |
-$352,144.46 |
-$84,514.67 |
$971,918.70 |
| 2 |
$1,464,920.94 |
-$366,230.24 |
-$87,895.26 |
$1,010,795.45 |
| 3 |
$1,523,517.78 |
-$380,879.45 |
-$91,411.07 |
$1,051,227.27 |
| 4 |
$1,584,458.49 |
-$396,114.62 |
-$95,067.51 |
$1,093,276.36 |
| 5 |
$1,647,836.83 |
-$411,959.21 |
-$98,870.21 |
$1,137,007.42 |
| 6 |
$1,713,750.31 |
-$428,437.58 |
-$102,825.02 |
$1,182,487.71 |
| 7 |
$1,782,300.32 |
-$445,575.08 |
-$106,938.02 |
$1,229,787.22 |
| 8 |
$1,853,592.33 |
-$463,398.08 |
-$111,215.54 |
$1,278,978.71 |
| 9 |
$1,927,736.03 |
-$481,934.01 |
-$115,664.16 |
$1,330,137.86 |
| 10 |
$2,004,845.47 |
-$501,211.37 |
-$120,290.73 |
$1,383,343.37 |
| 11 |
$2,085,039.29 |
-$521,259.82 |
-$125,102.36 |
$1,438,677.11 |
| 12 |
$2,168,440.86 |
-$542,110.21 |
-$130,106.45 |
$1,496,224.19 |
| 13 |
$2,255,178.49 |
-$563,794.62 |
-$135,310.71 |
$1,556,073.16 |
| 14 |
$2,345,385.63 |
-$586,346.41 |
-$140,723.14 |
$1,618,316.08 |
| 15 |
$2,439,201.06 |
-$609,800.26 |
-$146,352.06 |
$1,683,048.73 |
| 16 |
$2,536,769.10 |
-$634,192.27 |
-$152,206.15 |
$1,750,370.68 |
| 17 |
$2,638,239.86 |
-$659,559.97 |
-$158,294.39 |
$1,820,385.50 |
| 18 |
$2,743,769.46 |
-$685,942.36 |
-$164,626.17 |
$1,893,200.92 |
| 19 |
$2,853,520.23 |
-$713,380.06 |
-$171,211.21 |
$1,968,928.96 |
| 20 |
$2,967,661.04 |
-$741,915.26 |
-$178,059.66 |
$2,047,686.12 |
| 21 |
$3,086,367.49 |
-$771,591.87 |
-$185,182.05 |
$2,129,593.56 |
| 22 |
$3,209,822.18 |
-$802,455.55 |
-$192,589.33 |
$2,214,777.31 |
| 23 |
$3,338,215.07 |
-$834,553.77 |
-$200,292.90 |
$2,303,368.40 |
| 24 |
$3,471,743.68 |
-$867,935.92 |
-$208,304.62 |
$2,395,503.14 |
| 25 |
$3,610,613.42 |
-$902,653.36 |
-$216,636.81 |
$2,491,323.26 |
| 26 |
$3,755,037.96 |
-$938,759.49 |
-$225,302.28 |
$2,590,976.19 |
| 27 |
$3,905,239.48 |
-$976,309.87 |
-$234,314.37 |
$2,694,615.24 |
| 28 |
$4,061,449.06 |
-$1,015,362.26 |
-$243,686.94 |
$2,802,399.85 |
| 29 |
$4,223,907.02 |
-$1,055,976.75 |
-$253,434.42 |
$2,914,495.84 |
| 30 |
$4,392,863.30 |
-$1,098,215.82 |
-$263,571.80 |
$3,031,075.68 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$79,000,000.00 |
-$19,750,000.00 |
-$4,740,000.00 |
$54,510,000.00 |
|
Next Drawing: Sat, Jun 15
