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Gross and Net calculation on prize money for Non resident of USA | Reply
Hi,

I'm from India and I'm not related to USA in anyway, neither do I perform any service in USA.
I want to know if a person not from USA wins some development challenge amounting $x then exactly how much will he/she get after tax reduction using all the three payment methods.

Please clarify on this using proper math. :)

Thanks
Re: Gross and Net calculation on prize money for Non resident of USA (response to post by Razmita) | Reply
https://community.topcoder.com/tc?module=EditPaymentPreferences
https://community.topcoder.com/wiki/display/tc/Payment+Methods

You will get exactly $x mentioned in your PACT. All the payoneer/paypal/wu fees will be deducted from that $x.
There will be no tax deduction. You will have to pay your tax.

As always, don't trust me/anyone for your personal financial matters. I might be wrong.
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