| Cash Option ($29.7 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $29,700,000.00 |
-$7,425,000.00 |
-$1,262,250.00 |
$21,012,750.00 |
| Annuity ($43 Million in 30 Annual Payments) |
| Yr |
Annual Gross Payment |
25% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$645,000.00 |
-$161,250.00 |
-$27,412.50 |
$456,337.50 |
| 2 |
$677,378.54 |
-$169,344.64 |
-$28,788.59 |
$479,245.32 |
| 3 |
$711,382.46 |
-$177,845.62 |
-$30,233.75 |
$503,303.09 |
| 4 |
$747,093.36 |
-$186,773.34 |
-$31,751.47 |
$528,568.55 |
| 5 |
$784,596.91 |
-$196,149.23 |
-$33,345.37 |
$555,102.31 |
| 6 |
$823,983.12 |
-$205,995.78 |
-$35,019.28 |
$582,968.06 |
| 7 |
$865,346.48 |
-$216,336.62 |
-$36,777.23 |
$612,232.64 |
| 8 |
$908,786.26 |
-$227,196.57 |
-$38,623.42 |
$642,966.28 |
| 9 |
$954,406.69 |
-$238,601.67 |
-$40,562.28 |
$675,242.73 |
| 10 |
$1,002,317.22 |
-$250,579.31 |
-$42,598.48 |
$709,139.44 |
| 11 |
$1,052,632.84 |
-$263,158.21 |
-$44,736.90 |
$744,737.73 |
| 12 |
$1,105,474.26 |
-$276,368.56 |
-$46,982.66 |
$782,123.04 |
| 13 |
$1,160,968.28 |
-$290,242.07 |
-$49,341.15 |
$821,385.06 |
| 14 |
$1,219,248.06 |
-$304,812.01 |
-$51,818.04 |
$862,618.00 |
| 15 |
$1,280,453.44 |
-$320,113.36 |
-$54,419.27 |
$905,920.81 |
| 16 |
$1,344,731.30 |
-$336,182.82 |
-$57,151.08 |
$951,397.39 |
| 17 |
$1,412,235.85 |
-$353,058.96 |
-$60,020.02 |
$999,156.86 |
| 18 |
$1,483,129.09 |
-$370,782.27 |
-$63,032.99 |
$1,049,313.83 |
| 19 |
$1,557,581.11 |
-$389,395.28 |
-$66,197.20 |
$1,101,988.64 |
| 20 |
$1,635,770.58 |
-$408,942.64 |
-$69,520.25 |
$1,157,307.68 |
| 21 |
$1,717,885.09 |
-$429,471.27 |
-$73,010.12 |
$1,215,403.70 |
| 22 |
$1,804,121.70 |
-$451,030.43 |
-$76,675.17 |
$1,276,416.11 |
| 23 |
$1,894,687.33 |
-$473,671.83 |
-$80,524.21 |
$1,340,491.29 |
| 24 |
$1,989,799.29 |
-$497,449.82 |
-$84,566.47 |
$1,407,783.00 |
| 25 |
$2,089,685.80 |
-$522,421.45 |
-$88,811.65 |
$1,478,452.70 |
| 26 |
$2,194,586.54 |
-$548,646.63 |
-$93,269.93 |
$1,552,669.98 |
| 27 |
$2,304,753.22 |
-$576,188.31 |
-$97,952.01 |
$1,630,612.90 |
| 28 |
$2,420,450.19 |
-$605,112.55 |
-$102,869.13 |
$1,712,468.51 |
| 29 |
$2,541,955.07 |
-$635,488.77 |
-$108,033.09 |
$1,798,433.21 |
| 30 |
$2,669,559.41 |
-$667,389.85 |
-$113,456.27 |
$1,888,713.28 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$43,000,000.00 |
-$10,750,000.00 |
-$1,827,500.00 |
$30,422,500.00 |
|
