WorksheetsLottery Questions
Total questions: 5
Worksheet time: 3mins
Name
Class
Date
1.
The highest lottery prize ever was won in November 2022 in the amount of:
a)
$2.04 Million
b)
$20.4 Million
c)
$204 Million
d)
$2.04 Billion
2.
What are the chances of winning the Powerball by matching all six numbers?
a)
1 in 1,000,000
b)
1 in 9,000,000
c)
1 in 29,000,000
d)
1 in 292,200,000
3.
True or False: All lottery winners are paid in a lump sum of cash no matter what.
a)
True
b)
False
4.
After taxes, roughly what percentage of the advertised prize money does the winner receive?
a)
50%
b)
30%
c)
10%
d)
5%
5.
What is a tax tip from professionals and experts?
a)
Leave the taxes for tax season
b)
Taxes can be pushed out into the future
c)
Begin planning your tax strategy early
d)
Don’t worry about paying taxes, the IRS never checks
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