Are the net or gross earnings used to calculate lost earnings?
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Are the net or gross earnings used to calculate lost earnings?
This is for an insurance claim from auto accident.
Asked on May 12, 2017 under Personal Injury, Iowa
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
Gross income is used to determine wage loss. Compensation for wage loss is straight reimbursement.
In addition to compensation for wage loss, you should also be compensated for the medical bills and pain in suffering.
Compensation for the medical bills is straight reimbursement.
The medical reports will be used to determine compensation for pain and suffering which is an amount in addition to the medical bills.
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