Unformatted text preview: Intro The worksheet that follows provides a pro forma workpaper to help you solve the assigned
homework problem. It organizes your solution in a manner that is consistent with the analytical
methods that we discuss in class and allow you to focus on the technical issues, rather than workpaper
techniques and computer skills.
However, you should continuously analyze the organization of the solution and the answers that
you receive, as you work the problems. That is the only way that you will learn the skills and
techniques that you will need for your long-term success. You should also refrain from checking the
correct answers until after you have completed your solution.
Click on the appropriate tab below to move to the worksheet for the homework problem that you
want to work on.
Once you have completed the assignment, save the file to your computer, then submit it in the
manner prescribed in the course syllabus.
NOTE: Cells with red dots in them contain notes that provide additional information about the cell
contents. Double click on those cells to read the notes. Also, you need enter information only in the
cells that are highlighted in bright yellow. Page 1 Intro e assigned
er than workpaper he answers that
om checking the
rom roblem that you
problem submit it in the on about the cell
mation only in the Page 2 For each tax in column A in the table below, record the entity responsible for paying the tax (col. D), the period (or event)
when the tax base is valued (col. F), and the items that are included in the tax base (col. G). Ignore the columns that are
greyed out. You can find information about these taxes in chapter 1 of the text. Tax Tax Rate Schedule
% Tax Paying Entity Method Tax Base
Period Items Property
Personalty legal owner
legal owner yearly
yearly buildings, land, houses
stock, bonds, cars Transactions
producer,first buyer per transaction
per purchase non-esential items
out of state items
natural resources Gratutitous Transfers
personal representative time of donation
decendent's death any tangible donation item.
inheritance, estates, Income
U.S. Corporation self employer
every paycheck net income
employment income ...
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- Spring '13
- Accounting, Taxation in the United States, tax base