Manually select from 2 to 10 numbers between 1 and 70, or opt to use the Quick Pick system to automatically choose your numbers. Up to 5 selections of 2-10 numbers can be made on the ticket. The amount of wager for the games can be $1, $2, $5 or $10.ark one number in each of the 3 columns for the number of Boards you choose to play. If you would rather have the numbers randomly chosen for you, use the Quick Pick system. Next, select the amount you wish to wager, which is either $10, $5, $2, $1 or 50 cents for each Board played.
Posted November 17, 2008 6:16pm. Currently, for federal taxes, one person can give to another person up to $12,000 a year without paying gift tax and without having to file any tax return. One person can give to as many persons each up to the gift tax exempt amount as the giver wants (and can afford).
Annual Gift Exclusion. In 2014, you may give someone up to $14,000 in gifts before paying any gift tax. The $14,000 annual gift exclusion is a limit on nontaxable gifts per person, and you may give multiple people up to $14,000 each without incurring any tax liability.However, the amounts of your annual gift exclusions are limited to a lifetime total of $5,3400 ($10,680,000 for married couples for Tax Year 2014.ift Taxes-What You Need to Know: If you give someone a gift or gifts of money or property and the value is over the annual gift exclusion amount, you will generally owe gift taxes. If you give a gift of property, taxes must be paid on the fair market value of the item (not the purchase price, nor the original value).