You can’t divide a penny into quarters: Merchants are allowed under N.C. law to round up sales tax charged when the amount involves a fraction, according to Beth Stevenson, spokeswoman for the N.C. Department of Revenue. Currently, the sales tax on a $1 purchase would be 7.75 cents in New Hanover County. Rounded up, that’s 8 percent.
If the purchase were $10, however, there’s no penny pinching: The current sales tax would be 75 cents. On $100, $7.75.
But take solace in the fact that after New Hanover’s 0.25 percentage-point sales tax increase goes into effect Oct. 1, the tax on your $1 item at McDonald’s will still be 8 cents.
Date posted: July 27, 2010
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