Zero, assuming that the $10,000 is cash.
I won a lottery ticket in Wisconsin, worth $10,000, how much federal and state tax will be taken out?
Yes and you could have a federal income tax liability when you complete your income tax return correctly.
Yes...if you get certain credits, made a certain amount, and have children..or bought a house for the first time..it's definitely possible.
No. Grandmother may give away up to $12,000 per recipient per year without incurring gift tax (which is just estate tax in advance). The recipient is never taxed on a gift.
Zero, assuming that the $10,000 is cash.
I won a lottery ticket in Wisconsin, worth $10,000, how much federal and state tax will be taken out?
Yes and you could have a federal income tax liability when you complete your income tax return correctly.
10000+10000=2 million dollars
10000*70/100 = 7000 dollars.
16% of 10000 = 10000*16/100 = 1600 dollars
2000 dollars
100,000 dollars
about 500 dollars
£10000 is $12135
$10000 is £8240.80
5% of $10,000.00 = 5% * 10000 = 0.05 * 10000 = $500.00