|
Tax Factoring For Construction Contracting, Owner Builders
& Speculative Builders
Combined Tax Rate 8.1%
The Tax Factor Rate for Construction Contractor & Owner
Builders is 05.0017% (Combined factor tax rate for City, County and State). The tax
factor rate should only be used when tax has not been separately charged and
collected.
| Gross Sales |
$100,000.00 |
| Combined Factor Rate |
5.0017% |
| Tax Due State, County, & City |
$ 5,001.70 |
| Gross Sales |
$100,000.00 |
| Less Factored Tax |
5,001.70 |
|
94,998.30 |
| Less 35% Standard Deduction (.35 X 94,998.30) |
33,249.41 |
| Taxable Amount |
61,748.89 |
| Tax Rate State, County & City |
8.1% |
| Tax Due |
$ 5,001.66 |
|
