Winning - of any type - (casino, lottery, game show) are the same as any other earnings...and will be taxed federally and locally as any other income of that amount would be. (That of course depends on many things - your other income, or lack, number of dependents, number of deductions, etc. etc.) It cannot be considered a capital gain income...tried and failed by many. If you are a professional gambler, the answer may be different.
6000
haw much federal take of 25000 a years
if filing status is single...approximately $3750.00
Yes. You can't skip years and then file altogether. Each year has to accounted for and filed separately.
I believe that you can receive a monetary gift up to certain amount without having to paying taxes on it. I think the amount is like 15,000. You can also go to a local tax prep place and ask. Look in your local phone book.
6000
#25000
haw much federal take of 25000 a years
if filing status is single...approximately $3750.00
6311,20
Unfortuneatly, the olympians from the USA do have to pay taxes on the winnings from the medals awarded.
250003 = 25000 x 25000 x 25000 = 15625000000000
15% of 25,000= 15% * 25000= 0.15 * 25000= 3,750
25000*25000=175000000
Well maybe if they come up with a new tecnoligy to do that then ya y not my so far no.sorry.
15% of 25000= 15% * 25000= 0.15 * 25000= 3750
Percent or percentage is equivalent to hundredths. 8% of 25000 is 25000 x 8/100 = 2000. 25000 + 8% of 25000 = 25000 + 2000 = 27000 NOTE : As 25000 is 100% then the problem can be solved by finding 108% of 25000. 25000 x 108/100 = 27000.