Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get...
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Transcript of Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get...
![Page 1: Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get money from the fed gov B. Sales Tax > base is 7.50% currently.](https://reader036.fdocuments.in/reader036/viewer/2022062408/56649f125503460f94c25aec/html5/thumbnails/1.jpg)
Ch. 9.3 Notes : State & Local Taxes
![Page 2: Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get money from the fed gov B. Sales Tax > base is 7.50% currently.](https://reader036.fdocuments.in/reader036/viewer/2022062408/56649f125503460f94c25aec/html5/thumbnails/2.jpg)
I. State Gov > get money from……
A. Intergov. Revenue > get
money from the fed gov
B. Sales Tax > base is 7.50%
currently 9% in L.A.
1. Highest……
-Pico Rivera, at 10 percent. -South Gate, at 10 percent.
![Page 3: Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get money from the fed gov B. Sales Tax > base is 7.50% currently.](https://reader036.fdocuments.in/reader036/viewer/2022062408/56649f125503460f94c25aec/html5/thumbnails/3.jpg)
![Page 4: Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get money from the fed gov B. Sales Tax > base is 7.50% currently.](https://reader036.fdocuments.in/reader036/viewer/2022062408/56649f125503460f94c25aec/html5/thumbnails/4.jpg)
Paycheck Example 1
![Page 5: Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get money from the fed gov B. Sales Tax > base is 7.50% currently.](https://reader036.fdocuments.in/reader036/viewer/2022062408/56649f125503460f94c25aec/html5/thumbnails/5.jpg)
Paycheck Example 2
![Page 6: Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get money from the fed gov B. Sales Tax > base is 7.50% currently.](https://reader036.fdocuments.in/reader036/viewer/2022062408/56649f125503460f94c25aec/html5/thumbnails/6.jpg)
C. Public Employee Retirement = tax on gov
workers
D. State Indiv. Income Tax > tax
deducted from pay check
E. Other
1. College fees
2. SDI = deducted from pay check
for disability pay
3. Corporation tax
4. tax on hospitals
![Page 7: Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get money from the fed gov B. Sales Tax > base is 7.50% currently.](https://reader036.fdocuments.in/reader036/viewer/2022062408/56649f125503460f94c25aec/html5/thumbnails/7.jpg)
II. Local Gov > get money from….
A. Intergov. Revenue > get
money from the state
B. Property tax > homeowners are taxed
1.1% of buy price every year
C. Utilities / Liquor tax
D. Sales Tax
![Page 8: Ch. 9.3 Notes : State & Local Taxes. I.State Gov > get money from…… A. Intergov. Revenue > get money from the fed gov B. Sales Tax > base is 7.50% currently.](https://reader036.fdocuments.in/reader036/viewer/2022062408/56649f125503460f94c25aec/html5/thumbnails/8.jpg)
F, S, and L taxes * copy the taxes below and fill out the triple bubble map See format on board (if absent today, see Bacay)
1. Property tax 2. Income Tax (paycheck) 3. Sales = 4. Get money from fed gov 5. Corp. income 6. Social Security 7. Employee Retirement Contribution 8. Public Utilities 9. Liquor 10. Medicare 11. Get money from state gov 12. Custom Duties 13. Estate/Gift 14. Public Colleges