Memorize these
What is 43,560?
This line divides the state into east and west halves.
What is the principle maridean?
State Equalized Value or SEV.
What is 1/2 of your properties appraised value?
FICA SS tax rate.
What is 6.2%?
A 6% tax on goods you buy.
What is Sales Tax?
What is 5280?
This line divides the state into North and South.
What is the base line?
The SEV on a $400,000 house.
What is $200,000
Michigan's income tax rate.
What is 4.25%?
A tax on the income you make.
What is Income Tax?
Ft in a chain.
What is 66?
The acres in the S1/2, NE 1/4.
What is 80?
The equation for property tax.
What is (taxable SEV * millage rate)/1000?
FICA med tax rate.
What is 1.45%
A tax on the property you own. The money is collected by the township you live in.
What is property tax?
Acres in a section.
What is 640?
Road frontage on the S1/2, NE 1/4
What is 1320 ft?
$1 of tax per $1,000 of SEV.
What is a mill?
Federal income tax is based on this.
What is Brackets?
What is how much a person makes?
Tabaco and alcohol products carry this type of tax.
What is a sin tax?
Sections in a congressional township?
What is 36?
Acres in the NE 1/4 of the NE 1/4.
What is 40?
This type of property enjoys an 18 mill property tax to help pay for schools.
What is a non-homestead property?
Jonny Nda Spot makes $300 working for his dad's lawn care company. What will his Michigan Income tax withholding be?
What is $12.75?
Car registration, drivers license, and fishing or hunting licenses are examples of this tax type.
What is Use Tax