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Gwendolyn Sc…, Home Buyer in Cleveland, OH

What does tax rate code 510 mean?

Asked by Gwendolyn Scales, Cleveland, OH Mon Nov 11, 2013

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Phil Rotondo’s answer
The tax is 2.3 percent of the sale price of the taxable medical device. See Chapter 5 of IRS Publication 510, Excise Taxes, and Notice 2012-77 for additional information on the determination of sale price.
0 votes Thank Flag Link Mon Nov 11, 2013
I would suggest that you speak to your employer and get their PAYE tax office details and contact them for an explanation.
0 votes Thank Flag Link Tue Nov 12, 2013
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