When it comes to dividing the car prize on the game show Family Feud, the process can vary based on the winning family's decision. Here is a breakdown:
Car Winning Criteria: To win the car on Family Feud, a family must successfully win for five consecutive games, appearing on five episodes. Winning five "Fast Money" rounds alone does not qualify for winning the car.
Car Division: The winning family has the choice of how they would like to divide the car prize. They can either share the car or opt for the cash equivalent. Each family receives one car, and they can decide to split the cash value among themselves. For instance, if a family wins a $50,000 car and there are five family members, each member would receive $10,000.
Tax Considerations: It is important to acknowledge that the winnings, including the cash value of the car, are subject to income tax. Contestants typically receive their winnings 90 days after the episode airs.
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