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Q: How much tax on 20000 NJ lottery win?
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Related questions

How much do you s win if you get three number on lottery?

20000 ghana cedis


What is the tax on 150 million lottery winner?

In the UK there is no tax on lottery winnings, if you win £750.00 you get to spend all of it.


What percentage of tax do you have to pay on a large lottery win in India?

75


How much will you get if you win the lottery?

it depends


Do disabled veterans in New Jersey pay taxes if they win the lottery?

No. Your lottery winnings will be reported on your 1040 federal income tax return and the taxable amount will be subject to the income tax at your marginal tax rate.


How much do you win for 3 numbers on the lottery?

$150.


What are the most common lottery numbers used to win?

There are none. Each number has the equal 1 in however many millions chance to win. But for your sake, don't play the lottery. It is also known as the stupidity tax.


How much do you win with 4 numbers in the Texas Lottery?

a lot


How much taxes are taken if you win a 34 million dollar lottery in Illinois?

Lottery winnings in Illinois are subject to a state income tax rate of 4.95%, and federal tax can range from 24% to 37%, depending on your total income. Additionally, there may be other local taxes to consider. It is recommended to consult with a tax professional to determine the exact amount of taxes owed.


Can you receive s tax refund if you won a million dollars playing the lottery?

Yes. The lotery win is not included in your tax (in most countries) thus if from your paid ernings you are owed a tax refund you should/will get it. Next tax year you will be liable to the intrest earnings on your win.


If you win the Ohio lottery what percent do you have to pay?

What ever your marginal tax rates are. For 2009 and 2010 from 10% to the 35% maximum marginal tax rate for the federal income tax return.


How much did someone win on the lottery if they spent two thirds and then two thirds of what was left and then another two thirds of what was left and was then left with 20000?

Suppose they won x. They spent 2/3x and were left with x/3 Then they spent 2/3 of that so were left with x/9 Then they spent 2/3 of that so were left with x/27 which was 20000 So x = 20000*27 = 540000