Taxes

 

 City of Merced - Tax Profile
Tax Basis Rate Agency
Business License Consumer Price Index or
Gross Receipts 
Flat Rate based on type of business City of Merced Finance Dept.
209-388-7900
Transient Occupancy Taxable rents 10% City of Merced Finance Dept.
209-388-7900
Utility None None City of Merced Finance Dept.
209-388-7900
Property Assessed value 1% County of Merced Assessor's Office
209-385-7631
Source: Merced Finance Department (www.cityofmerced.org/depts/finance/default.asp),
Merced County Assessor's Office(
www.co.merced.ca.us/index.aspx?NID=59) (October 2011)

State of California - Tax Profile
Tax Basis Rate Agency
Corporate Income and Franchise Tax Net Income apportioned to California Corporate-8.84%
S-Corps-1.5%
Bank/Financial Corp-10.84%
S-Bank/Financial S-Corp-3.5%
Franchise Tax Board
Sales and Use Tax Receipts from sale or lease of taxable items 7.75% Board of Equalization
Personal Income Tax Taxable personal income 1.0% to 9.55% Franchise Tax Board
Unemployment Insurance First $7,000 of wages per employee per year 3.4% to 6.2% Employment Development Department
Workers' Compensation Insurance Payroll and occupation Variable depending on occupation classification Department of Industrial Relations
Disability Insurance First $93,316 of wages 1.2% (paid by employee) Employment Development Department
Employment Training Tax First $7,000 of wages per employee per year 0.1% Employment Development Department
Finished Goods, Raw Material, Inventory Tax None None None
Mineral Severance Tax None None None
Inheritance Tax None None None
Source: California Employment Development Department, 2011 California Employer's Guide (DE-44) (www.edd.ca.gov/employer.asp); California Franchise Tax Board (www.ftb.ca.gov); California Department of Industrial Relations (www.dir.ca.gov/) (October 2011)