| Cash Option ($32.4 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4% State
Withholding |
Lump-Sum
Net Payment |
| $32,400,000.00 |
-$8,100,000.00 |
-$1,296,000.00 |
$23,004,000.00 |
| Annuity ($50 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
4% State
Withholding |
Annual
Net Payment |
| 1 |
$750,000.00 |
-$187,500.00 |
-$30,000.00 |
$532,500.00 |
| 2 |
$787,649.47 |
-$196,912.37 |
-$31,505.98 |
$559,231.12 |
| 3 |
$827,188.91 |
-$206,797.23 |
-$33,087.56 |
$587,304.13 |
| 4 |
$868,713.20 |
-$217,178.30 |
-$34,748.53 |
$616,786.38 |
| 5 |
$912,321.99 |
-$228,080.50 |
-$36,492.88 |
$647,748.61 |
| 6 |
$958,119.90 |
-$239,529.98 |
-$38,324.80 |
$680,265.13 |
| 7 |
$1,006,216.84 |
-$251,554.21 |
-$40,248.67 |
$714,413.96 |
| 8 |
$1,056,728.21 |
-$264,182.05 |
-$42,269.13 |
$750,277.03 |
| 9 |
$1,109,775.22 |
-$277,443.80 |
-$44,391.01 |
$787,940.40 |
| 10 |
$1,165,485.14 |
-$291,371.29 |
-$46,619.41 |
$827,494.45 |
| 11 |
$1,223,991.67 |
-$305,997.92 |
-$48,959.67 |
$869,034.09 |
| 12 |
$1,285,435.18 |
-$321,358.80 |
-$51,417.41 |
$912,658.98 |
| 13 |
$1,349,963.11 |
-$337,490.78 |
-$53,998.52 |
$958,473.81 |
| 14 |
$1,417,730.30 |
-$354,432.58 |
-$56,709.21 |
$1,006,588.51 |
| 15 |
$1,488,899.35 |
-$372,224.84 |
-$59,555.97 |
$1,057,118.54 |
| 16 |
$1,563,641.04 |
-$390,910.26 |
-$62,545.64 |
$1,110,185.14 |
| 17 |
$1,642,134.71 |
-$410,533.68 |
-$65,685.39 |
$1,165,915.64 |
| 18 |
$1,724,568.70 |
-$431,142.18 |
-$68,982.75 |
$1,224,443.78 |
| 19 |
$1,811,140.83 |
-$452,785.21 |
-$72,445.63 |
$1,285,909.99 |
| 20 |
$1,902,058.81 |
-$475,514.70 |
-$76,082.35 |
$1,350,461.75 |
| 21 |
$1,997,540.81 |
-$499,385.20 |
-$79,901.63 |
$1,418,253.97 |
| 22 |
$2,097,815.94 |
-$524,453.98 |
-$83,912.64 |
$1,489,449.31 |
| 23 |
$2,203,124.80 |
-$550,781.20 |
-$88,124.99 |
$1,564,218.61 |
| 24 |
$2,313,720.10 |
-$578,430.03 |
-$92,548.80 |
$1,642,741.27 |
| 25 |
$2,429,867.21 |
-$607,466.80 |
-$97,194.69 |
$1,725,205.72 |
| 26 |
$2,551,844.81 |
-$637,961.20 |
-$102,073.79 |
$1,811,809.82 |
| 27 |
$2,679,945.61 |
-$669,986.40 |
-$107,197.82 |
$1,902,761.38 |
| 28 |
$2,814,476.97 |
-$703,619.24 |
-$112,579.08 |
$1,998,278.65 |
| 29 |
$2,955,761.71 |
-$738,940.43 |
-$118,230.47 |
$2,098,590.82 |
| 30 |
$3,104,138.85 |
-$776,034.71 |
-$124,165.55 |
$2,203,938.58 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$50,000,000.00 |
-$12,500,000.00 |
-$2,000,000.00 |
$35,500,000.00 |
|
Next Drawing: Tue, Jun 18
