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No, They get their percentage of what they actually won in the race.
Say you got first, and they got second overall. 2nd is worth 2,000,000. They get a percentage of the 2 mil, and you get everything else.
Thus you get all, their sponsor money, team win, etc.
So, there is no reason not to get a good team mate, I played most of the game with a poor one, but there is no real reason for it, as you have nothing to lose.
What else can I help you with?
Do they take any other money out of the total lottery winnings besides taxes?
in michigan you have to pay city state and federal taxes it is taken out of your paymentif you dont have city taxes taken out of your check you must report it to the city if there is a city tax
How much taxes are taken out on lottery winnings in North Carolina?
If I win 1000.00 what do thay take out
When your driver's license is revoked it means that it is taken away for only 6 months?
When your driver's license is revoked, it means that it is taken away for only six months.
Can your driver's license be taken away by debt collectors?
No.
What is name of horror movie about swim team taken over by a worm like creature that one of teammates grew in lab?
Maybe "The Faculty" with Josh Hartnett
Is debit money in or out of an account?
Debit is money that is taken out of an account.
How much are taxes on 250000 DOLLARS?
What will the amount of federal taxes in NH taken out of winnings of 250000.00? Winnings are like any other "ordinary income" (although provable losses are deductible against the winnings). You pay tax at your own personal effective rate, (different for everyone) after deductions, exemptions, other earnings, state taxes depending on all these things at for your State (that then becomes an additional deduction against your ordinary income for Federal), etc. The amount that may be withheld from your winnings at a casino or race track or such, is like any withholding, only an estimated amount of what you actually might pay at tax time.
Why do you have to pay tax on casino winnings when you are likely going to put it all back into the casino and then some?
It's considered a source of income and therefore taxable. The person choosing to continue gambling with that income and perhaps losing it, is not relevent as far as the IRS is concerned. Moreover, your getting ahead of yourself in the accounting....if you sit and the table and lose....you don't have to have any tax withheld as you won't pay any. And if you win one day, and lose the next, the amount of the loss IS able to be taken against the income from the winnings...so you don't pay tax only on winnings...but NET winnings.
What is deductions taken from wage packet?
it is money that is taken from your wages per month
How much money did Taken gross worldwide?
Taken grossed $226,941,585 worldwide.
How much is taken in taxes from gambling?
Taxes from winning = same rate as normal income tax for that amount.Any winnings received from any sort of bet where the winnings equal less then $10,000 there will be no taxing on. Any money above $10,000 dollars the amount of taxes comes out to approximately one third of what you won. The submittal above trying to say any type or amount of gambling winnings is not taxed, or taxed differently than any other earning, is entirely incorrect, and should be ignored. A brief on tax rules is below as is a link to more information. Gambling winnings are fully taxable and must be reported on your tax return. You must file Form 1040 (PDF) and include all of your winnings. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and also the fair market value of prizes such as cars and trips. For additional information, refer to Publication 525, Taxable and Nontaxable Income. A payer is required to issue you a Form W-2G (PDF) if you receive certain gambling winnings or if you have any gambling winnings subject to Federal income tax withholding. All gambling winnings must be reported irrespective as to whether any portion thereof is subject to withholding. in addition, you may be required to pay an estimated tax on your gambling winnings. For information on withholding on gambling winnings, refer to Publication 505, Tax Withholding and Estimated Tax. You may deduct gambling losses only if you itemize deductions. Claim your gambling losses as a miscellaneous deduction on Form 1040, Schedule A (PDF). However, the amount of losses you deduct may not be more than the amount of gambling income you have reported on your return. It is important to keep an accurate diary or similar record of your gambling winnings and losses. To deduct your losses, you must be able to provide receipts, tickets, statements or other records that show the amount of both your winnings and losses. Refer to Publication 529, Miscellaneous Deductions, for more information.
Will your driver's license be taken away if you write off your dad's car on which you have no insurance?
NO
