Business, 07.10.2019 16:30 millie54

Howie long has just learned he has won a $500,000 prize in the lottery. the lottery has given him two options for receiving the payments. (1) if howie takes all the money today, the state and federal governments will deduct taxes at a rate of 46% immediately. (2) alternatively, the lottery offers howie a payout of 20 equal payments of $36,000 with the first payment occurring when howie turns in the winning ticket. howie will be taxed on each of these payments at a rate of 25%

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Howie long has just learned he has won a $500,000 prize in the lottery. the lottery has given him tw...