🎟️ My Lotto Audit
Note: With a jackpot this size, filing jointly does not significantly lower your tax rate because the majority of the income falls into the highest bracket (37%) regardless of marital status.
US LOTTERY COMMISSION
PAY DATE: IMMEDIATE
PAY DATE: IMMEDIATE
EARNINGS STATEMENT
ID: WINNER-001
ID: WINNER-001
GROSS EARNINGS
Jackpot Prize
$0.00
Cash Option Adj.
-$0.00
Taxable Gross
$0.00
TAXES & DEDUCTIONS
Federal Withholding (24%)
-$0.00
Fed. Liability (Due April)
-$0.00
State Tax (0%)
-$0.00
Local/City Tax (0%)
-$0.00
Child Tax Credits
$0.00
Social Security Tax
$0.00
Medicare Tax
$0.00
EXEMPT: Winnings are non-wage income (IRS Pub. 525).
Total Taxes
-$0.00
Net Pay Distribution
$0.00