| Cash Option ($58 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $58,000,000.00 |
-$21,420,330.00 |
-$2,465,000.00 |
$34,114,670.00 |
| Annuity ($130 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$1,956,630.00 |
-$684,283.00 |
-$83,156.78 |
$1,189,190.23 |
| 2 |
$2,054,520.00 |
-$720,503.00 |
-$87,317.10 |
$1,246,699.90 |
| 3 |
$2,157,220.00 |
-$758,502.00 |
-$91,681.85 |
$1,307,036.15 |
| 4 |
$2,265,120.00 |
-$798,425.00 |
-$96,267.60 |
$1,370,427.40 |
| 5 |
$2,378,350.00 |
-$840,320.00 |
-$101,079.88 |
$1,436,950.13 |
| 6 |
$2,497,300.00 |
-$884,331.00 |
-$106,135.25 |
$1,506,833.75 |
| 7 |
$2,622,100.00 |
-$930,507.00 |
-$111,439.25 |
$1,580,153.75 |
| 8 |
$2,753,270.00 |
-$979,040.00 |
-$117,013.98 |
$1,657,216.03 |
| 9 |
$2,890,940.00 |
-$1,029,978.00 |
-$122,864.95 |
$1,738,097.05 |
| 10 |
$3,035,500.00 |
-$1,083,465.00 |
-$129,008.75 |
$1,823,026.25 |
| 11 |
$3,187,210.00 |
-$1,139,598.00 |
-$135,456.43 |
$1,912,155.58 |
| 12 |
$3,346,590.00 |
-$1,198,569.00 |
-$142,230.08 |
$2,005,790.93 |
| 13 |
$3,513,900.00 |
-$1,260,473.00 |
-$149,340.75 |
$2,104,086.25 |
| 14 |
$3,689,660.00 |
-$1,325,505.00 |
-$156,810.55 |
$2,207,344.45 |
| 15 |
$3,874,130.00 |
-$1,393,758.00 |
-$164,650.53 |
$2,315,721.48 |
| 16 |
$4,067,830.00 |
-$1,465,427.00 |
-$172,882.78 |
$2,429,520.23 |
| 17 |
$4,271,150.00 |
-$1,540,656.00 |
-$181,523.88 |
$2,548,970.13 |
| 18 |
$4,484,740.00 |
-$1,619,684.00 |
-$190,601.45 |
$2,674,454.55 |
| 19 |
$4,708,990.00 |
-$1,702,657.00 |
-$200,132.08 |
$2,806,200.93 |
| 20 |
$4,944,420.00 |
-$1,789,766.00 |
-$210,137.85 |
$2,944,516.15 |
| 21 |
$5,191,680.00 |
-$1,881,252.00 |
-$220,646.40 |
$3,089,781.60 |
| 22 |
$5,451,290.00 |
-$1,977,308.00 |
-$231,679.83 |
$3,242,302.18 |
| 23 |
$5,723,770.00 |
-$2,078,125.00 |
-$243,260.23 |
$3,402,384.78 |
| 24 |
$6,010,030.00 |
-$2,184,041.00 |
-$255,426.28 |
$3,570,562.73 |
| 25 |
$6,310,460.00 |
-$2,295,201.00 |
-$268,194.55 |
$3,747,064.45 |
| 26 |
$6,626,100.00 |
-$2,411,987.00 |
-$281,609.25 |
$3,932,503.75 |
| 27 |
$6,957,340.00 |
-$2,534,546.00 |
-$295,686.95 |
$4,127,107.05 |
| 28 |
$7,305,220.00 |
-$2,663,262.00 |
-$310,471.85 |
$4,331,486.15 |
| 29 |
$7,670,520.00 |
-$2,798,423.00 |
-$325,997.10 |
$4,546,099.90 |
| 30 |
$8,054,020.00 |
-$2,940,318.00 |
-$342,295.85 |
$4,771,406.15 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$130,000,000.00 |
-$48,100,000.00 |
-$5,525,000.00 |
$76,375,000.00 |
|
