TAX INFORMATION

The Ohio income tax is based on the federal adjusted gross income of the individual as defined under federal income tax law with certain adjustments under Ohio law. Personal exemptions of $650 are allowed for the taxpayers, spouse and each dependent. In addition to the standard $650 personal exemption, taxpayers are allowed a credit against the Ohio income tax due of $20 for each personal exemption claimed. The rates are as follows:

$ 0 - $ 4,999	0.712% of Ohio Taxable Income
5,000 - 9,999	$35.60plus 1.424% of excess over $ 5,000
10,000 - 14,999	$106.80 plus 2.847% of excess over 10,000
15,000 - 19,999	$249.15 plus 3.559% of excess over 15,000
20,000 - 39,999	$427.10 plus 4.27% of excess over 20,000
40,000 - 79,999	$1,281.10 plus 4.983% of excess over 40,000
80,000 - 99,999	$3,274.30 plus 5.693% of excess over 80,000
100,000 - 199,999	$46412.90 plus 6.61% of excess over 100,000
Over $200,000.00	$11,022.90 plus 7.185% of excess over $200,000.00

State sales tax in Ohio is 5 1/2% on retail sales and rental of tangible personal property and sale of selected services. Erie County imposes a 1% sales tax.

Ohio municipalities may levy taxes on (1) wages and salaries received by residents; (2) wages and salaries received by non-residents for work done within the municipality; and (3) business income resulting from activities in the municipality. Tax rates may vary, but are most commonly 1% of adjusted gross income.