XBox One $350?

[kitler53]

thranx said:

kitler53 said:

in contests you typically can take the prize or the "cash value". more often than not the cash value isn't 1-to-1 with reality and with the true cost unknown they will low-ball their guess regardless so they aren't on the hook for more than they need to be.

I think its a requirement to list the value of items you can win as you are supposed to still pay taxes on them as if they were income. I dont think you have the option to take cash instead.

http://contests.about.com/od/taxesfinances/f/taxessweepsprizesunder600.htm

 

But that doesn't mean that is the final price, they just have to have something there i believe.

maybe it depends on the contest.  my HS calculous teacher was on the price is right.  he didn't like what he won so he took the cash equivalent instead.