answersLogoWhite

0


Best Answer

Yes, the US Olympic Committee gives cash awards of $25,000, $15,000, and $10,000 to winners of gold, silver, and bronze medals, respectively.

Athletes, as of now, still have to pay taxes on their winnings.

User Avatar

Wiki User

โˆ™ 2012-08-10 00:19:44
This answer is:
User Avatar
Study guides

Olympics

20 cards

What does the word Olympic mean

What country first proposed the winter olympic games as separate from the traditional olympic games

How did the athletes prepare for the ancient olympic games

What other events were included in the ancient olympic games after the first ancient olympic games

โžก๏ธ
See all cards
4.25
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
8 Reviews

Add your answer:

Earn +20 pts
Q: Do US athletes receive monetary rewards for winning Olympic medals?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much do American athletes make per medal in the Olympics?

Olympic athletes are not paid to participate, or receive monetary rewards for medals awarded.


Did The ancient Olympic Games prohibited monetary rewards for the victors?

No


Distinguish between monetary rewards and non monetary rewards?

gykgjkghjhj


What is monetary rewards?

Payment.


How did the Olympic games and the arts demonstrate the Greek emphasis on the individual?

athletes were treated like demi-gods and given rewards for winning artisans made statues of some of the olympic winners the gods were naked, and so were the athletes


Meaning of non-monetary rewards?

Non monetary rewards means those rewards of good performance which are not monetary in nature. For example, a pat on the shoulder or encouragement by seniors at wok place. http://www.aidandtrade.com/


How much do Olympic participants make?

Other than the IOC members, security and organizers, most local olympic help is volunteer and they aren't paid except for maybe a jacket. The athletes are not paid for their participation. Some countries provide rewards for their athletes that earn medals.


What are the rewards for the olympic games?

Medals.


Has anyone gotten their Olympic training kit from My Coke Rewards?

If you have not recieved your contact My Coke Rewards.


What are monetary and non monetary motivation?

Monetary motivation are rewards for accomplishment that gives you money in some form, while non-monetary motivation is the rest for example responsiility or diverse working tasks.


What rewards do athletes of today compete for?

They compete for money and/or medals ..i think.


Is there a monetary award with a olympic gold medal?

The Olympics don't give money with the medal, but some country's governments and some private companies reward their athletes with cash for winning. According to http://www.news.com.au/couriermail/story/0,23739,24009223-5014105,00.html Some coutries that give public rewards: Autralia, US, Japan, Germany, Israel, Thailand, Malaysia, Greece and Russia. China (Hong Kong in particular) have private rewards.

People also asked