| Cash Option ($61.2 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4% State
Withholding |
Lump-Sum
Net Payment |
| $61,200,000.00 |
-$15,300,000.00 |
-$2,448,000.00 |
$43,452,000.00 |
| Annuity ($102 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
4% State
Withholding |
Annual
Net Payment |
| 1 |
$1,530,000.00 |
-$382,500.00 |
-$61,200.00 |
$1,086,300.00 |
| 2 |
$1,606,804.91 |
-$401,701.23 |
-$64,272.20 |
$1,140,831.49 |
| 3 |
$1,687,465.38 |
-$421,866.34 |
-$67,498.62 |
$1,198,100.42 |
| 4 |
$1,772,174.94 |
-$443,043.73 |
-$70,887.00 |
$1,258,244.21 |
| 5 |
$1,861,136.86 |
-$465,284.21 |
-$74,445.47 |
$1,321,407.17 |
| 6 |
$1,954,564.61 |
-$488,641.15 |
-$78,182.58 |
$1,387,740.87 |
| 7 |
$2,052,682.36 |
-$513,170.59 |
-$82,107.29 |
$1,457,404.47 |
| 8 |
$2,155,725.55 |
-$538,931.39 |
-$86,229.02 |
$1,530,565.14 |
| 9 |
$2,263,941.44 |
-$565,985.36 |
-$90,557.66 |
$1,607,398.42 |
| 10 |
$2,377,589.69 |
-$594,397.42 |
-$95,103.59 |
$1,688,088.68 |
| 11 |
$2,496,943.00 |
-$624,235.75 |
-$99,877.72 |
$1,772,829.53 |
| 12 |
$2,622,287.77 |
-$655,571.94 |
-$104,891.51 |
$1,861,824.32 |
| 13 |
$2,753,924.75 |
-$688,481.19 |
-$110,156.99 |
$1,955,286.57 |
| 14 |
$2,892,169.81 |
-$723,042.45 |
-$115,686.79 |
$2,053,440.57 |
| 15 |
$3,037,354.68 |
-$759,338.67 |
-$121,494.19 |
$2,156,521.82 |
| 16 |
$3,189,827.73 |
-$797,456.93 |
-$127,593.11 |
$2,264,777.68 |
| 17 |
$3,349,954.81 |
-$837,488.70 |
-$133,998.19 |
$2,378,467.91 |
| 18 |
$3,518,120.16 |
-$879,530.04 |
-$140,724.81 |
$2,497,865.31 |
| 19 |
$3,694,727.29 |
-$923,681.82 |
-$147,789.09 |
$2,623,256.37 |
| 20 |
$3,880,199.97 |
-$970,049.99 |
-$155,208.00 |
$2,754,941.98 |
| 21 |
$4,074,983.25 |
-$1,018,745.81 |
-$162,999.33 |
$2,893,238.11 |
| 22 |
$4,279,544.51 |
-$1,069,886.13 |
-$171,181.78 |
$3,038,476.60 |
| 23 |
$4,494,374.60 |
-$1,123,593.65 |
-$179,774.98 |
$3,191,005.97 |
| 24 |
$4,719,989.01 |
-$1,179,997.25 |
-$188,799.56 |
$3,351,192.20 |
| 25 |
$4,956,929.10 |
-$1,239,232.27 |
-$198,277.16 |
$3,519,419.66 |
| 26 |
$5,205,763.41 |
-$1,301,440.85 |
-$208,230.54 |
$3,696,092.02 |
| 27 |
$5,467,089.04 |
-$1,366,772.26 |
-$218,683.56 |
$3,881,633.22 |
| 28 |
$5,741,533.02 |
-$1,435,383.25 |
-$229,661.32 |
$4,076,488.44 |
| 29 |
$6,029,753.89 |
-$1,507,438.47 |
-$241,190.16 |
$4,281,125.26 |
| 30 |
$6,332,443.25 |
-$1,583,110.81 |
-$253,297.73 |
$4,496,034.71 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$102,000,000.00 |
-$25,500,000.00 |
-$4,080,000.00 |
$72,420,000.00 |
|
Next Drawing: Tue, Aug 21
