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 9% in L.A.

1. Highest……

-Pico Rivera, at 10 percent. -South Gate, at 10 percent.

Paycheck Example 1

Paycheck Example 2

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

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

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