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Lawyer

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AVG. SALARY

$114,470

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EDUCATION

First professional degree

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Math -- Solution

First, find out what a year's salary would be worth:

21,194 x 2 = 42,388
12 months' work is worth $42,388

Next, the wage discounts:

First Year

July 1, 2002, to June 30, 2003
$42,388 x 0.5 = $21,194

Second Year

July 1, 2003, to June 30, 2004
$42,388 x 0.25 = $10,597
After July 1, 2004, the judge says you get nothing.

General Damages

$15,000
Total = $46,791

Of course, the judge will have these calculations in his decision, but it is your responsibility to check his math. All in all, though, it's not a bad deal. You've done a good job for your client.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.