Taxes

Tax Profile – State of California
Tax	Basis	Rate	Agency
Corporate Income and Franchise Tax	Net income apportioned to California	Corporation 8.84% S-Corp 1.5% Bank/Financial Corp 10.84% 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 Education
Unemployment Insurance	First $7,000 of wages per employee per year	0.1%	Employment Development Dept
Workers' Compensation Insurance	Payroll and occupation	Variable	Dept of Industrial Relations
Personal Income Tax	Taxable personal income	1.0% to 9.3%	Franchise Tax Board
Disability Insurance	First $86,698 of wages	0.8% (paid by employee)	Employment Development Dept
Finished Goods, Raw Material, Inventory Tax	None	None	None
Mineral Severance Tax	None	None	None
Inheritance Tax	None	None	None
Employment Training Tax	First $7,000 of wages per employee per year	0.1%	Employment Development Dept
Source: 2008 California Employers' Guide (DE-44) (www.edd.ca.gov) and respective Agency websites. (May 2008)

This information was collected from www.boe.ca.gov , other cities,  websites and agencies. The City of Modesto claims no responsibility for its accuracy.  Please contact each city or agency directly for additional information.  

This page was updated on: Monday, June 22, 2009 10:39:10 AM