| Cash Option ($170.3 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
6% State
Withholding |
Lump-Sum
Net Payment |
| $170,300,000.00 |
-$42,575,000.00 |
-$10,218,000.00 |
$117,507,000.00 |
| Annuity ($275 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
6% State
Withholding |
Annual
Net Payment |
| 1 |
$4,903,277.26 |
-$1,225,819.32 |
-$294,196.64 |
$3,383,261.31 |
| 2 |
$5,099,408.35 |
-$1,274,852.09 |
-$305,964.50 |
$3,518,591.76 |
| 3 |
$5,303,384.69 |
-$1,325,846.17 |
-$318,203.08 |
$3,659,335.43 |
| 4 |
$5,515,520.07 |
-$1,378,880.02 |
-$330,931.20 |
$3,805,708.85 |
| 5 |
$5,736,140.88 |
-$1,434,035.22 |
-$344,168.45 |
$3,957,937.20 |
| 6 |
$5,965,586.51 |
-$1,491,396.63 |
-$357,935.19 |
$4,116,254.69 |
| 7 |
$6,204,209.97 |
-$1,551,052.49 |
-$372,252.60 |
$4,280,904.88 |
| 8 |
$6,452,378.37 |
-$1,613,094.59 |
-$387,142.70 |
$4,452,141.08 |
| 9 |
$6,710,473.51 |
-$1,677,618.38 |
-$402,628.41 |
$4,630,226.72 |
| 10 |
$6,978,892.45 |
-$1,744,723.11 |
-$418,733.55 |
$4,815,435.79 |
| 11 |
$7,258,048.14 |
-$1,814,512.04 |
-$435,482.89 |
$5,008,053.22 |
| 12 |
$7,548,370.07 |
-$1,887,092.52 |
-$452,902.20 |
$5,208,375.35 |
| 13 |
$7,850,304.87 |
-$1,962,576.22 |
-$471,018.29 |
$5,416,710.36 |
| 14 |
$8,164,317.07 |
-$2,041,079.27 |
-$489,859.02 |
$5,633,378.78 |
| 15 |
$8,490,889.75 |
-$2,122,722.44 |
-$509,453.39 |
$5,858,713.93 |
| 16 |
$8,830,525.34 |
-$2,207,631.34 |
-$529,831.52 |
$6,093,062.48 |
| 17 |
$9,183,746.35 |
-$2,295,936.59 |
-$551,024.78 |
$6,336,784.98 |
| 18 |
$9,551,096.21 |
-$2,387,774.05 |
-$573,065.77 |
$6,590,256.38 |
| 19 |
$9,933,140.06 |
-$2,483,285.01 |
-$595,988.40 |
$6,853,866.64 |
| 20 |
$10,330,465.66 |
-$2,582,616.41 |
-$619,827.94 |
$7,128,021.30 |
| 21 |
$10,743,684.28 |
-$2,685,921.07 |
-$644,621.06 |
$7,413,142.16 |
| 22 |
$11,173,431.66 |
-$2,793,357.91 |
-$670,405.90 |
$7,709,667.84 |
| 23 |
$11,620,368.92 |
-$2,905,092.23 |
-$697,222.14 |
$8,018,054.56 |
| 24 |
$12,085,183.68 |
-$3,021,295.92 |
-$725,111.02 |
$8,338,776.74 |
| 25 |
$12,568,591.03 |
-$3,142,147.76 |
-$754,115.46 |
$8,672,327.81 |
| 26 |
$13,071,334.67 |
-$3,267,833.67 |
-$784,280.08 |
$9,019,220.92 |
| 27 |
$13,594,188.05 |
-$3,398,547.01 |
-$815,651.28 |
$9,379,989.76 |
| 28 |
$14,137,955.58 |
-$3,534,488.89 |
-$848,277.33 |
$9,755,189.35 |
| 29 |
$14,703,473.80 |
-$3,675,868.45 |
-$882,208.43 |
$10,145,396.92 |
| 30 |
$15,291,612.75 |
-$3,822,903.19 |
-$917,496.77 |
$10,551,212.80 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$275,000,000.00 |
-$68,750,000.00 |
-$16,500,000.00 |
$189,750,000.00 |
|
Next Drawing: Sat, May 27
