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Sagot :
How to do
- Just take a examplar number as your gross income
- Now set a municipal tax rate .
- Then find out the annual tax
Ex:-
- Income=$100
- Municipal tax=10% per year
tax per year=0.1(100)=$10
Answer:
(Answers may vary.)
I conducted an online research on the state of new york . The state of NY has 95 counties, 39 independent cities, and 190 incorporated towns. Only elected governing bodies can impose local taxes in this state of NY. A bulk of the local tax money comes from property taxes.
The following is the list of municipal taxes a consumer in all counties and cities of the state of NY is subjected to:
Items Tax Percentage Districts
Retail sales tax 0.7%
Occupancy tax 2.1% only for the New York Planning District
Fee on grantors of real estate $0.15 to $100 of the value of property sold only for the New York Planning District
Wholesale distributors of motor fuel 2.1% Hampton Roads Planning District
Restaurant meal 1%
Communication taxes 1.05%
Motor vehicle rental tax 4%
Explanation: part of edmentum sample answer
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