Rhode Island Computer Equipment Lease with Equipment Schedule
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How to fill out Computer Equipment Lease With Equipment Schedule?
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FAQ
A business selling, renting, or leasing tangible personal property at retail must collect the sales tax. Any vendor with a business location in Rhode Island or leases tangible personal property is required to collect and remit Rhode Island sales and use tax.
Withholding Tax on Gambling Winnings: If a must withhold for federal purposes, RI must withhold federal tax withheld multiplied by the Rhode Island personal income tax withholding rate in effect on the date of the payment.
In Rhode Island, you'll have a 5.99% state tax, and after all taxes roughly $45,320,340 would be withheld from the lump sum payout, leaving the winner (if they're a single-filer) with about $431,374,705, USA Mega reports.
Some states do not levy income tax or tax lottery winnings, they include: Alaska. California. Delaware. Florida. Nevada. New Hampshire. South Dakota. Tennessee.
Motor vehicle excise taxes are considered gross receipts and are subject to sales and use tax under a lease.
Any gambling winnings are subject to federal income tax. If you win more than $5,000 on a wager, and the payout is at least 300 times the amount of your bet, the IRS requires the payer to withhold 24% for income taxes. Any gambling losses can offset your gambling winning as long as you meet certain criteria.
States with the highest sales tax California: 7.25% sales tax rate. Indiana: 7% sales tax rate. Mississippi: 7% sales tax rate. Rhode Island 7% sales tax rate. Tennessee: 7% sales tax rate. Minnesota: 6.875% sales tax rate. Nevada: 6.85% sales tax rate. New Jersey: 6.625% sales tax rate.
Effective July 1, 1989, winnings and prizes received from the Rhode Island Lottery are taxable under the provisions of the Rhode Island personal income tax (R.I. Gen. Laws § 44-30-1 et seq., as amended) and are includable in the income of both residents and nonresidents alike.