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The tax amount is based on the value of the manufactured products or by-products. The Manufacturing BO tax rate is 0.484 percent (0.00484) of your gross receipts. For products manufactured and sold in Washington, a business owner is subject to both the Manufacturing BO Tax and the Wholesaling or Retailing BO Tax.
What does BO mean in tax?
What is the business and occupation (BO) tax? The state BO tax is a gross receipts tax. It is measured on the value of products, gross proceeds of sale, or gross income of the business. Washington, unlike many other states, does not have an income tax.
What is tax form R?
The 1099-R tax form reports the amount of income you received during the tax year. The form contains boxes you will need to use to complete your federal and state tax returns. The 1099-R tax forms are mailed by the end of January each year and available to access and download online by logging in to myCalPERS.
What is tax form schedule r?
Schedule R (Form 1040) is used by taxpayers to calculate the Credit for the Elderly or the Disabled. This credit is designed to provide tax relief for individuals who are either 65 years or older or permanently and totally disabled, and who meet certain income requirements.
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Related links
Municipal Finances in West Virginia - WVU Research Repository
by C Plein 2022 Cited by 1 To meet public service delivery obligations, municipalities rely on a variety of revenue sources, predominant among these are the BO tax, property tax, and
The Department of Revenue does not administer or collect local BO taxes. The Municipal Research and Services Center provides information about city BO taxes.
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