DOC Net Profits Form Marion, KY
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People also ask
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What is the net profit license fee in Kentucky?
An Annual Net Profit License Fee is levied on all persons, fiduciaries, corporations, and associations engaged in the occupation, trade, profession or other business earned for work performed within the city. The rate is equal to the greater of 1.95% of the net profit or $60. -
What is the occupational tax in Marion County KY?
1.00% Residents of Marion County pay a flat county income tax of 1.00% on earned income, in addition to the Kentucky income tax and the Federal income tax. Nonresidents who work in Marion County also pay a local income tax of 1.00%, the same as the local income tax paid by residents. -
What is the net profits license fee return in Shelby County KY?
The Net Profits License Fee return is due April 15 of each year, except returns made on the basis of a fiscal year, which shall be made by the fifteenth day of the fourth month following the close of the fiscal year. -
What is the Shelby County withholding tax?
Payroll Withholding Tax Employers are required to withhold occupational tax from employees at the rate of 1% and submit the tax to the Shelby County Occupational Tax Office on a quarterly basis. Occupational tax is due 30 days after the end of each quarter. -
What is the net profit license fee in Mayfield KY?
The City of Mayfield Net Profit License Fee is levied at the annual rate of 2% the first $50,000.00, plus 1% of $50,000 thru $500,000 and ½ % over $500,000 with a minimum of $100.00 of the net profits of all occupations, trades, professions or other businesses engaged in said activities in the City. -
What is the net profit license fee in Kentucky?
An Annual Net Profit License Fee is levied on all persons, fiduciaries, corporations, and associations engaged in the occupation, trade, profession or other business earned for work performed within the city. The rate is equal to the greater of 1.95% of the net profit or $60. -
What is the employer's return of license fee withheld in Shelby County Kentucky?
Occupational (Withholding) Tax Returns An Occupational License Fee is imposed on the wages of those employees working in Shelby County at the rate of 1% of all salaries, wages, commissions and other compensation including deferred compensation, earned for work and or services performed in the county. -
What is the net profit license fee return in Mayfield Kentucky?
The City of Mayfield Net Profit License Fee is levied at the annual rate of 2% the first $50,000.00, plus 1% of $50,000 thru $500,000 and ½ % over $500,000 with a minimum of $100.00 of the net profits of all occupations, trades, professions or other businesses engaged in said activities in the City.
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