| Cash Option ($136.1 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4% State
Withholding |
Lump-Sum
Net Payment |
| $136,100,000.00 |
-$34,025,000.00 |
-$5,444,000.00 |
$96,631,000.00 |
| Annuity ($224 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
4% State
Withholding |
Annual
Net Payment |
| 1 |
$3,360,000.00 |
-$840,000.00 |
-$134,400.00 |
$2,385,600.00 |
| 2 |
$3,528,669.61 |
-$882,167.40 |
-$141,146.78 |
$2,505,355.42 |
| 3 |
$3,705,806.32 |
-$926,451.58 |
-$148,232.25 |
$2,631,122.48 |
| 4 |
$3,891,835.16 |
-$972,958.79 |
-$155,673.41 |
$2,763,202.96 |
| 5 |
$4,087,202.51 |
-$1,021,800.63 |
-$163,488.10 |
$2,901,913.78 |
| 6 |
$4,292,377.17 |
-$1,073,094.29 |
-$171,695.09 |
$3,047,587.79 |
| 7 |
$4,507,851.45 |
-$1,126,962.86 |
-$180,314.06 |
$3,200,574.53 |
| 8 |
$4,734,142.39 |
-$1,183,535.60 |
-$189,365.70 |
$3,361,241.10 |
| 9 |
$4,971,792.97 |
-$1,242,948.24 |
-$198,871.72 |
$3,529,973.01 |
| 10 |
$5,221,373.44 |
-$1,305,343.36 |
-$208,854.94 |
$3,707,175.15 |
| 11 |
$5,483,482.68 |
-$1,370,870.67 |
-$219,339.31 |
$3,893,272.70 |
| 12 |
$5,758,749.61 |
-$1,439,687.40 |
-$230,349.98 |
$4,088,712.22 |
| 13 |
$6,047,834.74 |
-$1,511,958.69 |
-$241,913.39 |
$4,293,962.67 |
| 14 |
$6,351,431.75 |
-$1,587,857.94 |
-$254,057.27 |
$4,509,516.54 |
| 15 |
$6,670,269.10 |
-$1,667,567.28 |
-$266,810.76 |
$4,735,891.06 |
| 16 |
$7,005,111.87 |
-$1,751,277.97 |
-$280,204.47 |
$4,973,629.43 |
| 17 |
$7,356,763.50 |
-$1,839,190.88 |
-$294,270.54 |
$5,223,302.09 |
| 18 |
$7,726,067.80 |
-$1,931,516.95 |
-$309,042.71 |
$5,485,508.14 |
| 19 |
$8,113,910.90 |
-$2,028,477.73 |
-$324,556.44 |
$5,760,876.74 |
| 20 |
$8,521,223.46 |
-$2,130,305.87 |
-$340,848.94 |
$6,050,068.66 |
| 21 |
$8,948,982.82 |
-$2,237,245.70 |
-$357,959.31 |
$6,353,777.80 |
| 22 |
$9,398,215.39 |
-$2,349,553.85 |
-$375,928.62 |
$6,672,732.93 |
| 23 |
$9,869,999.12 |
-$2,467,499.78 |
-$394,799.96 |
$7,007,699.38 |
| 24 |
$10,365,466.06 |
-$2,591,366.51 |
-$414,618.64 |
$7,359,480.90 |
| 25 |
$10,885,805.08 |
-$2,721,451.27 |
-$435,432.20 |
$7,728,921.61 |
| 26 |
$11,432,264.75 |
-$2,858,066.19 |
-$457,290.59 |
$8,116,907.98 |
| 27 |
$12,006,156.31 |
-$3,001,539.08 |
-$480,246.25 |
$8,524,370.98 |
| 28 |
$12,608,856.82 |
-$3,152,214.21 |
-$504,354.27 |
$8,952,288.34 |
| 29 |
$13,241,812.47 |
-$3,310,453.12 |
-$529,672.50 |
$9,401,686.85 |
| 30 |
$13,906,542.04 |
-$3,476,635.51 |
-$556,261.68 |
$9,873,644.85 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$224,000,000.00 |
-$56,000,000.00 |
-$8,960,000.00 |
$159,040,000.00 |
|
Next Drawing: Fri, Feb 22
