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DELAWARE
Sales Taxes
State Sales Tax: None
Gasoline Tax: 23 cents/gallon
Diesel Fuel Tax: Tax 22 cents/gallon
Cigarette Tax: $1.15 cents/pack of 20
Personal Income Taxes
Tax Rate Range: Low - 2.2%; High - 5.95%
Income Brackets: Lowest - $2,001 to 5,001; Highest - $60,000
Number of Brackets: 6
Tax Credits: Single - $110; Married - $220; Dependents - $110; Over 60 - take an additional $110
Standard Deduction: $3,250 if single and not itemizing; $6,500 if married filing jointly and not itemizing.
Medical/Dental Deduction: None
Federal Income Tax Deduction: None
Retirement Income Taxes: Social Security and Railroad Retirement benefits are exempt. Taxpayers 60 and older can exclude $12,500 of investment and qualified pension income. Out-of-state government pensions qualify for the pension and retirement exemption. Under age 60, $2,000 is exempt.
Retired Military Pay: Up to $2,000 of military retirement pay excluded for individuals under age 60; $12,500 if 60 or older.
Military Disability Retired Pay: Disability Portion - Length of Service Pay; Member on September 24, 1975 - No tax; Not Member on September 24, 1975 - Taxed, unless combat incurred. Retired Pay - Based solely on disability: Member on September 24, 1975 - No tax; Not Member on September 24, 1975 - Taxed, unless all pay based on disability and disability resulted from armed conflict, extra-hazardous service, simulated war, or an instrumentality of war.
VA Disability Dependency and Indemnity Compensation: Not subject to federal or state taxes
Military SBP/SSBP/RCSBP/RSFPP: Generally subject to state taxes for those states with income tax. Check with state department of revenue office.
Property Taxes
All real property in the state is subject to tax unless specifically exempt. Personal property, tangible and intangible property is exempt. real estate is subject to county, school district, vocational school district and municipal property taxes. The state offers various property tax relief programs for residents age 65 and older and for residents with disabilities. Homeowners 65 and older can get a credit equal to half of the school property taxes, up to $500.
Inheritance and Estate Taxes
In July 2005 the legislature eliminated the requirement to file a Delaware estate tax return for dates on which the federal estate tax law does not allow a credit for state death tax (currently 2005 through 2010). It also eliminated the special lien on the gross estate tax if the decedent dies on a date on which the federal estate tax does not allow credit for state death taxes paid.
For further information, visit the Delaware Division of Revenue site or call 302-577-8200.
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What tax is paid by businesses only?
sales tax sales tax!
How do you Gross up sales tax?
Sales Tax / Sales Tax Rate = Gross Sale
Percent of sales tax for 1075 and sales tax is 43?
If an item costs $1,075.00 and the value of the sales tax is $43.00, the percentage of sales tax is 4%
Does Montana charge sales tax?
yes Montana has sales tax. there tax is 8.7 sales tax. NO, Montana does NOT have a Sales Tax. Or, to put it another way, there is a 0.0% sales tax. I have lived here for years...I don't pay a sales tax. Whoever said yes, must not live in Montana.
How do you post sales tax payable as journal entry?
debit sales tax expensecredit sales tax payable
What tax is paid by businesses only?
sales tax sales tax!
A tax on things you by?
Sales tax, of course.
How do you Gross up sales tax?
Sales Tax / Sales Tax Rate = Gross Sale
Juan's purchase before sales tax was added totaled 46.00 The total including tax was 48.76 What was the sales tax rate?
Total with sales tax $48.76 minus total without sales tax $46.00 = sales tax $2.76. Sales tax $2.76 divided by purchase $46.00 = sales tax rate 6%.
Percent of sales tax for 1075 and sales tax is 43?
If an item costs $1,075.00 and the value of the sales tax is $43.00, the percentage of sales tax is 4%
Does minnesota charge sales tax on labor?
No, you do not pay sales tax on labor. Sales tax is for materials.
Does Montana charge sales tax?
yes Montana has sales tax. there tax is 8.7 sales tax. NO, Montana does NOT have a Sales Tax. Or, to put it another way, there is a 0.0% sales tax. I have lived here for years...I don't pay a sales tax. Whoever said yes, must not live in Montana.
What is the state sales tax in Oregon?
There is no sales tax in the state of Oregon.
What is the sales tax on 2.49 and the sales tax is 5.5?
The total tax is $0.14
How do you post sales tax payable as journal entry?
debit sales tax expensecredit sales tax payable
What is the sales tax in Alaska?
Alaska does not have a State sales tax; however, several communities across the state do have a sales tax. These taxes are low - about 2%.
Need the answer why is sales tax a liability to a business?
When a business collects Sales Tax, it owes it to the Sales tax collecting authority. Sales tax that has been collected but not paid to the Sales Tax collecting authority should be carried on the books as a liability.
