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According to the latest updates, the total rewards to the two medal winners of Rio Olympic is as followingPV Sindhu - Rs 26 croreRs 5 crore from the Telangana governmentRs 3 crore from the Andhra Pradesh governmentRs 2 crore from the Delhi governmentRs 2 crore: broken into Rs 50 lakhs each from the Haryana and MP governments, the sports ministry and the Badminton Association of IndiaRs 75 lakh from Bharat PetroleumRs 50 lakh from Dubai-based Indian businessman Mukkattu SebastianRs 30 lakh from the Indian Olympic AssociationRs 5 lakh from the AIFF (All India Football Federation)Rs 1.01 lakh from Salman Khan.Two house plots valued at 5 crore each from the AP and Telangana Governments.Two acre land from a film star valued at 2 crorea BMW by former Andhra cricket captain, V ChamundeshwarnathSakshi Malik - Around Rs 5 croreRs 2.5 crore from the Haryana governmentRs 1 crore from the Delhi governmentRs 60 lakh from the railway ministryRs 25 lakh from Dubai-based Indian businessman Mukkattu SebastianRs 30 lakh from the Union sports ministryRs 20 lakh from the Indian Olympic AssociationRs 5 lakhs from the AIFFRs 1.01 lakh from Salman KhanIncome Tax on AwardsAS per Section 10 (17A) of the Income Tax Act, the following income is not included in the total income:any payment made, whether in cash or in kind,-(i) in pursuance of any award instituted in the public interest by the Central Government or any State Government or instituted by any other body and approved by the Central Government in this behalf; or(ii) as a reward by the Central Government or any State Government for such purposes as may be approved by the Central Government in this behalf in the public interest;The Central Board of Direct Taxes (CBDT) in a Circular dated 20.01.2014 clarified that in terms of provisions of clause (17A) of Section 10, Central Government approves awards instituted by Central Government, State Government or other bodies as also the purposes for rewards instituted by Central Government or State Government from time to time. Tax exemption can be sought by eligible persons in respect of awards or rewards covered by such approvals.Now, the Central Government has approved any payment made, whether in cash or in kind, as a reward by the Central Government or a State Government to the medal winners of the Olympic Games or Common Wealth Games or Asian games.Therefore, they need not pay any income tax on the awards given by governments.However, they may have to pay income tax on the awards given by private individuals and non government organizations.Sources: http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=27905http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTk2MjA=http://www.hindustantimes.com/olympics/how-rivalry-between-andhra-and-telangana-has-enriched-pv-sindhu-by-crores/story-TQhA4fA7Wj2XaUaeA1HPdJ.html

I recall that Roth IRAs allow you to withdraw your principal contributions without any tax penalty, but I don’t think the same is true for traditional IRAs because you haven’t paid taxes on that yet.A traditional IRA comes with a tax penalty of 10% plus regular income tax on the amount you withdraw. It’s not considered a loan, so you don’t pay it back, but you owe a lot in taxes on it. I think right now the CARES Act updated this law to remove the 10% penalty fee. Better to check with your Edward Jones financial advisor.

I walked into a newly remodeled McDonald’s, saw the kiosks, and attempted to order a meal that contained two McRib sandwiches, a promotion that cost $1 more than the cost of a meal with one McRib sandwich. After searching repeatedly to no avail, I went to the counter to place my order. They handed me a numbered plastic table tent and said they would have my order right out, so I went and sat down. Twenty minutes passed, and no food arrived. I went to the counter with my number and was told my order had been entered as “to go”, so it had been sitting there in the bag for more than 15 minutes. I told them that the sandwiches would be fine, but I wanted fresh, hot fries. They acted annoyed at my request, but begrudgingly complied.Later in the week, I walked in, bypassed the kiosks, and went straight to the counter to order. I was told that I could place my order at the kiosk. I told them that I would be happy to do that as soon as the kiosk was updated to have the two McRib meal that I wanted. They assured me it did, then fumbled around with it for several minutes before conceding defeat and returning to the counter to enter my order.The third time I went in, I went to the counter to order and was again asked to use the kiosk. I told them I would be happy to, as long as I could go to the kitchen and cook my food as well. Another look of confusion. I told them that if I had to handle the ordering and payment myself, I was going all in and making the meal myself. They took my order at the counter.I spent years using point of sale systems in fast food places, and I could take orders as fast as customers could rattle them off. Those systems are designed for speed and efficiency. Customer kiosks are not. Customer kiosks are designed to eliminate jobs and lower labor costs. The people that have those jobs need the income.Why do I not use kiosks? They don’t work as well as ordering from a person, they aren’t always updated, and they cost people jobs.