|City of Merced - Tax Profile|
|Business License||Consumer Price Index or
|Flat Rate based on type of business||City of Merced Finance Dept.
|Transient Occupancy||Taxable rents||10%||City of Merced Finance Dept.
|Utility||None||None||City of Merced Finance Dept.
|Property||Assessed value||1%||County of Merced Assessor's Office
|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|
|Corporate Income and Franchise Tax||Net Income apportioned to California||Corporate-8.84%
|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|
|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)|