BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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We do not pay State Income Tax in Utah.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Utah has a flat 4.85 percent individual income tax rate. Utah also has a 4.85 percent corporate income tax.
Detailed explanation-2: -There are both state and local sales tax rates in Utah. The state rate is 4.85%. Local rates, which are collected at the county and city level, range from 1.25% to 4.20%.
Detailed explanation-3: -If you cannot pay the full amount you owe, you can request a payment plan. Go to tap.utah.gov and choose “Apply for a waiver or a pay plan.” You may also call the Tax Commission at 801-297-7703, or 1-800-662-4335 ext. 7703.
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