| 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%
S-Bank/Financial S-Corp 3.5% | Franchise Tax Board |
| Sales and Use Tax | Receipts from sale or lease of taxable items | 7.5% | Board of Equalization |
| Unemployment Insurance | First $7,000 of wages per employee per year | 3.4% to 6.2% | Employment Dev. Dept |
Workers' Compensation
Insurance | Payroll and occupation | Variable depending on occupation classification | Department of Industrial
Relations |
| Personal Income Tax | Taxable personal income | 1.0% to 9.55% | Franchise Tax Board |
| Disability Insurance | First $93,316 of wages | 1.2% (paid by employee) | Employment Dev. 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 Dev. Dept |
| Source: 2015 California Employers' Guide (DE-44), Employment Development Department (www.edd.ca.gov), Franchise Tax Board (www.ftb.ca.gov), Board of Equalization (www.boe.ca.gov), Department of Industrial Relations (www.dir.ca.gov) (Dec 2015) |