What is the tax percentage of the processing fee effective from 2013 to 2017?

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The processing fee tax percentage from 2013 to 2017 was set at 4.15%. This specific rate is critical to understand as it reflects the regulatory framework governing processing fees during that period. The choice of 4.15% takes into account various economic factors and adjustments made by the state, ensuring compliance with tax requirements.

The other percentage options do not accurately reflect the established rate during those years. For example, a tax rate of 5% or 4% would either exceed or fall short of this standard, indicating that they were not applicable as processing fees within that time frame. Similarly, the 4.2% option, while close, does not meet the precise figure mandated during the specified years. Thus, 4.15% is the correct value when considering the context of the tax percentage for the processing fee in Virginia from 2013 to 2017.

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