What’s the smallest check you’ve ever written?
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Facebook it! | 08/15/05
I wrote one for 49 cents to the Virginia Department of Taxation today.
They are upgrading their website, so this month we pay sales & use tax by snail mail. I couldn’t recall the routing number for our business’s bank account, so I wrote a check.
Gross sales for July were $9.99. A 4% state tax (40 cents) and a 1% local tax (10 cents), minus a 3% discount on the tax due for paying on time (1 cent) brings my sales tax liability for the month of July to 49 cents.
And I paid 37 cents to mail the payment.
One Response to “What’s the smallest check you’ve ever written?”
By Cathy on Aug 18, 2005 | Reply
At least the 37 cents is a tax-deductible expense