TRUE OR FALSE 50 POINTS 1.South Carolina assesses income taxes over 5 brackets with the lowest brackets incurring no taxes.
2.There is no tax assessed on the first $2,910 of taxable income.
3.South Carolina charges 6% on taxable income between $12,120 and $15,160.
4.South Carolina tax returns are due May 15 or the next business day if that date falls on a weekend or holiday.
5.South Carolina’s state sales tax rate is 6% for most purchases.
6.South Carolina counties collect local taxes on their own without help from the state’s Department of Revenue.
7.South Carolina assesses property taxes of primary residences at 4% of fair market value.
8.South Carolina imposes no casual excise tax on the fair market value of any motor vehicles, motorcycles, boats, motors, or airplanes transferred between individuals.
9.There is no inheritance tax in South Carolina.
10.South Carolina does not offer nursing home credit as a tax break.