| Cash Option ($199 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
6% State
Withholding |
Lump-Sum
Net Payment |
| $199,000,000.00 |
-$49,750,000.00 |
-$11,940,000.00 |
$137,310,000.00 |
| Annuity ($345 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
6% State
Withholding |
Annual
Net Payment |
| 1 |
$6,151,384.20 |
-$1,537,846.05 |
-$369,083.05 |
$4,244,455.10 |
| 2 |
$6,397,439.57 |
-$1,599,359.89 |
-$383,846.37 |
$4,414,233.30 |
| 3 |
$6,653,337.15 |
-$1,663,334.29 |
-$399,200.23 |
$4,590,802.63 |
| 4 |
$6,919,470.64 |
-$1,729,867.66 |
-$415,168.24 |
$4,774,434.74 |
| 5 |
$7,196,249.46 |
-$1,799,062.37 |
-$431,774.97 |
$4,965,412.13 |
| 6 |
$7,484,099.44 |
-$1,871,024.86 |
-$449,045.97 |
$5,164,028.62 |
| 7 |
$7,783,463.42 |
-$1,945,865.85 |
-$467,007.81 |
$5,370,589.76 |
| 8 |
$8,094,801.96 |
-$2,023,700.49 |
-$485,688.12 |
$5,585,413.35 |
| 9 |
$8,418,594.03 |
-$2,104,648.51 |
-$505,115.64 |
$5,808,829.88 |
| 10 |
$8,755,337.80 |
-$2,188,834.45 |
-$525,320.27 |
$6,041,183.08 |
| 11 |
$9,105,551.31 |
-$2,276,387.83 |
-$546,333.08 |
$6,282,830.40 |
| 12 |
$9,469,773.36 |
-$2,367,443.34 |
-$568,186.40 |
$6,534,143.62 |
| 13 |
$9,848,564.29 |
-$2,462,141.07 |
-$590,913.86 |
$6,795,509.36 |
| 14 |
$10,242,506.87 |
-$2,560,626.72 |
-$614,550.41 |
$7,067,329.74 |
| 15 |
$10,652,207.14 |
-$2,663,051.79 |
-$639,132.43 |
$7,350,022.93 |
| 16 |
$11,078,295.43 |
-$2,769,573.86 |
-$664,697.73 |
$7,644,023.84 |
| 17 |
$11,521,427.24 |
-$2,880,356.81 |
-$691,285.63 |
$7,949,784.80 |
| 18 |
$11,982,284.33 |
-$2,995,571.08 |
-$718,937.06 |
$8,267,776.19 |
| 19 |
$12,461,575.71 |
-$3,115,393.93 |
-$747,694.54 |
$8,598,487.24 |
| 20 |
$12,960,038.74 |
-$3,240,009.68 |
-$777,602.32 |
$8,942,426.73 |
| 21 |
$13,478,440.28 |
-$3,369,610.07 |
-$808,706.42 |
$9,300,123.80 |
| 22 |
$14,017,577.90 |
-$3,504,394.47 |
-$841,054.67 |
$9,672,128.75 |
| 23 |
$14,578,281.01 |
-$3,644,570.25 |
-$874,696.86 |
$10,059,013.90 |
| 24 |
$15,161,412.25 |
-$3,790,353.06 |
-$909,684.74 |
$10,461,374.45 |
| 25 |
$15,767,868.74 |
-$3,941,967.19 |
-$946,072.12 |
$10,879,829.43 |
| 26 |
$16,398,583.49 |
-$4,099,645.87 |
-$983,915.01 |
$11,315,022.61 |
| 27 |
$17,054,526.83 |
-$4,263,631.71 |
-$1,023,271.61 |
$11,767,623.51 |
| 28 |
$17,736,707.91 |
-$4,434,176.98 |
-$1,064,202.47 |
$12,238,328.45 |
| 29 |
$18,446,176.22 |
-$4,611,544.06 |
-$1,106,770.57 |
$12,727,861.59 |
| 30 |
$19,184,023.27 |
-$4,796,005.82 |
-$1,151,041.40 |
$13,236,976.06 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$345,000,000.00 |
-$86,250,000.00 |
-$20,700,000.00 |
$238,050,000.00 |
|
Next Drawing: Wed, Oct 17
