| Cash Option ($22.4 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $22,400,000.00 |
-$8,248,330.00 |
-$952,000.00 |
$13,199,670.00 |
| Annuity ($50 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$752,550.00 |
-$238,774.00 |
-$31,983.38 |
$481,792.63 |
| 2 |
$790,200.00 |
-$252,704.00 |
-$33,583.50 |
$503,912.50 |
| 3 |
$829,700.00 |
-$267,319.00 |
-$35,262.25 |
$527,118.75 |
| 4 |
$871,200.00 |
-$282,674.00 |
-$37,026.00 |
$551,500.00 |
| 5 |
$914,750.00 |
-$298,788.00 |
-$38,876.88 |
$577,085.13 |
| 6 |
$960,500.00 |
-$315,715.00 |
-$40,821.25 |
$603,963.75 |
| 7 |
$1,008,500.00 |
-$333,475.00 |
-$42,861.25 |
$632,163.75 |
| 8 |
$1,058,950.00 |
-$352,142.00 |
-$45,005.38 |
$661,802.63 |
| 9 |
$1,111,900.00 |
-$371,733.00 |
-$47,255.75 |
$692,911.25 |
| 10 |
$1,167,500.00 |
-$392,305.00 |
-$49,618.75 |
$725,576.25 |
| 11 |
$1,225,850.00 |
-$413,895.00 |
-$52,098.63 |
$759,856.38 |
| 12 |
$1,287,150.00 |
-$436,576.00 |
-$54,703.88 |
$795,870.13 |
| 13 |
$1,351,500.00 |
-$460,385.00 |
-$57,438.75 |
$833,676.25 |
| 14 |
$1,419,100.00 |
-$485,397.00 |
-$60,311.75 |
$873,391.25 |
| 15 |
$1,490,050.00 |
-$511,649.00 |
-$63,327.13 |
$915,073.88 |
| 16 |
$1,564,550.00 |
-$539,214.00 |
-$66,493.38 |
$958,842.63 |
| 17 |
$1,642,750.00 |
-$568,148.00 |
-$69,816.88 |
$1,004,785.13 |
| 18 |
$1,724,900.00 |
-$598,543.00 |
-$73,308.25 |
$1,053,048.75 |
| 19 |
$1,811,150.00 |
-$630,456.00 |
-$76,973.88 |
$1,103,720.13 |
| 20 |
$1,901,700.00 |
-$663,959.00 |
-$80,822.25 |
$1,156,918.75 |
| 21 |
$1,996,800.00 |
-$699,146.00 |
-$84,864.00 |
$1,212,790.00 |
| 22 |
$2,096,650.00 |
-$736,091.00 |
-$89,107.63 |
$1,271,451.38 |
| 23 |
$2,201,450.00 |
-$774,867.00 |
-$93,561.63 |
$1,333,021.38 |
| 24 |
$2,311,550.00 |
-$815,604.00 |
-$98,240.88 |
$1,397,705.13 |
| 25 |
$2,427,100.00 |
-$858,357.00 |
-$103,151.75 |
$1,465,591.25 |
| 26 |
$2,548,500.00 |
-$903,275.00 |
-$108,311.25 |
$1,536,913.75 |
| 27 |
$2,675,900.00 |
-$950,413.00 |
-$113,725.75 |
$1,611,761.25 |
| 28 |
$2,809,700.00 |
-$999,919.00 |
-$119,412.25 |
$1,690,368.75 |
| 29 |
$2,950,200.00 |
-$1,051,904.00 |
-$125,383.50 |
$1,772,912.50 |
| 30 |
$3,097,700.00 |
-$1,106,479.00 |
-$131,652.25 |
$1,859,568.75 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$50,000,000.00 |
-$18,500,000.00 |
-$2,125,000.00 |
$29,375,000.00 |
|
