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A customer asks for four lottery tickets one 5.00 ticket two 1.00 tickets and one 3.00 ticket He gives you two winning tickets to be redeemed one for 5.00 and the other for 2.00 D?
Wiki User
∙ 15y ago
A customer asks for four lottery tickets: one ($5.00 ticket), two ($1.00 tickets), and one ($3.00 ticket). He gives you two winning tickets to be redeemed: one for ($5.00) and the other for ($2.00). Does he owe you money or do you owe him money?
Wiki User
∙ 15y ago
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How much do lottery vendors get on winning ticket?
Lottery vendors usually don't make anything from winning tickets, but rather from sales of the tickets themselves.
What if your probability of winning the lottery depends on how many tickets you buy.?
Probability(tickets), or P(t)
What are the odds of winning when buying tickets in the New York Lottery?
The odds of winning when buying tickets in the New York Lottery are different for different ticket types. The highest odd is 1 in 2.93 and the lowest odd is 1 in 5.14.
What is the chance of winning the mega millions lottery?
not good. unless you buy a lot of tickets
What lottery scratch tickets still have large amounts of winning tickets available?
since this number constantly changes I suggest you go to your oficial lottery home page where you will find the information listed .
How do you write redeem in a sentence?
He redeemed his family's honor. She redeemed her wealth from winning the lottery. The boy that was once mentally ill has found help and is now redeeming his sanity. The woman has redeemed her dress back from her friend that has been hoarding it in her jungle of a closet.
What does redeemed?
To redeem means to make something that is bad more acceptable. "She wanted to redeem herself after getting in trouble." It can also mean to exchange something for money or reward. "He redeemed his winning lottery ticket for $100."
How do you win the Texas lotto?
You have to buy lottery tickets and hope that you pick the winning numbers. The Powerball lottery jackpot is currently $90 million.
Do the odds of winning the lottery increase if you buy 2 tickets?
If your odds for 1 ticket are 1 in 14,000,000 then your odds for two tickets are 1 in 13,999,999 given that the tickets had different numbers. Still like your odds of winning?
where do i cash a scrach off more then 800 dollors?
By winning a lottery Related 6 Tips to Save Using the Most Popular Food Delivery Apps Learn More → Congratulations! You took a chance and bought a winning lottery ticket. Now, you need to cash it. Winning lottery tickets may only be redeemed in the state where the ticket was purchased. Prizes up to a certain amount may be redeemed at any store or location that sells lottery tickets. However, prizes over a certain amount must be redeemed with the state lottery office. Winnings More Than $600 If your prize is over $600, the prize amount is reported to the IRS and you will have to pay taxes on the amount. As of 2020, the federal tax withheld on lottery winnings is 24%, and state taxes vary across different states, ranging from zero to 13%. The state lottery commission also sends a 1099 to you at the end of the year listing your prize over $600. Prizes that are less than $600 are not reported to the IRS, but this does not mean that they are not taxable. If you've won an enormous prize, such as the Powerball jackpot, you'll also want to decide whether you want to receive your money as an immediate, reduced lump sum or as an annuity spread out over three decades. You may not want to dawdle on that decision, because while some states give you 180 days after winning to claim your prize, others may give only 60 days if you want your payout as a lump sum. Read More: When Are Lottery Winnings Taxable? Tips If you've won a large amount of money, you may want to assemble a trustworthy team of attorneys and financial experts – at the least, a certified public accountant (CPA) to help you claim and control your winnings. Winnings Less Than $600 When you win less than $600, you can take your winning ticket to an authorized lottery retailer. It doesn't have to be redeemed at the same place you purchased the ticket, however, it does have to be redeemed in the same state. You can redeem a winning ticket from any type of lottery game to an authorized retailer when your prize is less than $600. Authorized retailers include stores and other establishments that sell lottery tickets in your state such as, convenience or grocery stores. Contact the State Lottery Office You can also take your lottery ticket to a state lottery office to redeem it. Although the lottery office cashes out winning tickets for any prize amount, many players take tickets showing a prize of over $600 to the lottery office as some authorized lottery retailers may not have enough cash on hand to pay out large winnings. To redeem with the office, visit the website for the winning ticket’s state lottery to find claim office locations. Don't forget, you must sign the back of your ticket in order to make sure you're the only one who can claim it. Mail in a Claim Form If you do not wish to visit the lottery office in person, you may mail your winning ticket, along with a claim form, to the lottery office for the state where the ticket was purchased. If you live in a state other than the state you purchased the winning ticket, you may also use the mail-in method to redeem your prize easily. Locate claim forms on the state lottery website for the state where the winning ticket was purchased for further guidance.
Where have the most winning lottery tickets been sold in Illinois?
Since 2003, Pennsylvania state has sold the most winning powerball tickets.There were 12 jackpot tickets sold in Pennsylvania.After that Indiana has sold 9 ticket.Check the statewise list of all powerball jackpot winners at :http://portalseven.com/lottery/powerball_jackpot_map.jsp
Who sells the most winning lottery ticks near thomasville North Carolina?
As of July 2013, the store that sells the most winning lottery tickets near Thomasville, North Carolina is not stated. It is stated that as of January 2013, there was twenty-five people that won the lottery in the state of North Carolina.
