| Cash Option ($65.1 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4% State
Withholding |
Lump-Sum
Net Payment |
| $65,100,000.00 |
-$16,275,000.00 |
-$2,604,000.00 |
$46,221,000.00 |
| Annuity ($111 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
4% State
Withholding |
Annual
Net Payment |
| 1 |
$1,665,000.00 |
-$416,250.00 |
-$66,600.00 |
$1,182,150.00 |
| 2 |
$1,748,581.82 |
-$437,145.45 |
-$69,943.27 |
$1,241,493.09 |
| 3 |
$1,836,359.38 |
-$459,089.84 |
-$73,454.38 |
$1,303,815.16 |
| 4 |
$1,928,543.31 |
-$482,135.83 |
-$77,141.73 |
$1,369,265.75 |
| 5 |
$2,025,354.82 |
-$506,338.70 |
-$81,014.19 |
$1,438,001.92 |
| 6 |
$2,127,026.19 |
-$531,756.55 |
-$85,081.05 |
$1,510,188.59 |
| 7 |
$2,233,801.39 |
-$558,450.35 |
-$89,352.06 |
$1,585,998.99 |
| 8 |
$2,345,936.63 |
-$586,484.16 |
-$93,837.47 |
$1,665,615.01 |
| 9 |
$2,463,700.98 |
-$615,925.25 |
-$98,548.04 |
$1,749,227.70 |
| 10 |
$2,587,377.02 |
-$646,844.25 |
-$103,495.08 |
$1,837,037.68 |
| 11 |
$2,717,261.51 |
-$679,315.38 |
-$108,690.46 |
$1,929,255.67 |
| 12 |
$2,853,666.10 |
-$713,416.53 |
-$114,146.64 |
$2,026,102.93 |
| 13 |
$2,996,918.11 |
-$749,229.53 |
-$119,876.72 |
$2,127,811.86 |
| 14 |
$3,147,361.27 |
-$786,840.32 |
-$125,894.45 |
$2,234,626.50 |
| 15 |
$3,305,356.56 |
-$826,339.14 |
-$132,214.26 |
$2,346,803.16 |
| 16 |
$3,471,283.11 |
-$867,820.78 |
-$138,851.32 |
$2,464,611.01 |
| 17 |
$3,645,539.06 |
-$911,384.76 |
-$145,821.56 |
$2,588,332.73 |
| 18 |
$3,828,542.52 |
-$957,135.63 |
-$153,141.70 |
$2,718,265.19 |
| 19 |
$4,020,732.64 |
-$1,005,183.16 |
-$160,829.31 |
$2,854,720.17 |
| 20 |
$4,222,570.55 |
-$1,055,642.64 |
-$168,902.82 |
$2,998,025.09 |
| 21 |
$4,434,540.59 |
-$1,108,635.15 |
-$177,381.62 |
$3,148,523.82 |
| 22 |
$4,657,151.38 |
-$1,164,287.84 |
-$186,286.06 |
$3,306,577.48 |
| 23 |
$4,890,937.06 |
-$1,222,734.27 |
-$195,637.48 |
$3,472,565.32 |
| 24 |
$5,136,458.63 |
-$1,284,114.66 |
-$205,458.35 |
$3,646,885.62 |
| 25 |
$5,394,305.20 |
-$1,348,576.30 |
-$215,772.21 |
$3,829,956.69 |
| 26 |
$5,665,095.48 |
-$1,416,273.87 |
-$226,603.82 |
$4,022,217.79 |
| 27 |
$5,949,479.24 |
-$1,487,369.81 |
-$237,979.17 |
$4,224,130.26 |
| 28 |
$6,248,138.87 |
-$1,562,034.72 |
-$249,925.55 |
$4,436,178.60 |
| 29 |
$6,561,791.00 |
-$1,640,447.75 |
-$262,471.64 |
$4,658,871.61 |
| 30 |
$6,891,188.24 |
-$1,722,797.06 |
-$275,647.53 |
$4,892,743.65 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$111,000,000.00 |
-$27,750,000.00 |
-$4,440,000.00 |
$78,810,000.00 |
|
Next Drawing: Fri, Apr 27
