When you earn prize money like from Jeopardy or Wheel Of Fortune, how much of that money is taxed out? In percentages?
by 
zack attack
ANSWERS: 1
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It depends on your state (country as well) of residence. But CA will take at least 5% off the top, even if you are not a resident. And it's ALL taxable, since it's income. However, one might be able to deduct some expenses incurred to gain that income (flights, hotel, car, etc.).
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