ACCT346-hw01.xls - Intro The worksheet that follows...

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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 he analytical er than workpaper her he answers that skills and rom checking the problem that you 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 b 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 a these taxes in chapter 1 of the text. Tax Base Tax Rate Schedule Tax Brackets % Valuation…. Tax Paying Entity Method Period Property Realty Personalty Property owner Property owner Assessment date (per government) Assessment date (per government) Transactions Sales Use Severence Purchaser Purchaser Extractor Each purchase transaction Each purchase transaction At extraction Gratutitous Transfers Gift Estate Giver(donor) Decendent's Estate Date of give Date of death Income U.S. Individual U.S. Corporation Iindividual Corporation Annual Annual (or event) when the tax base is You can find information about se Valuation…. Items Taxable non personalty Taxable non realty Taxable purchase goods Taxable purchase goods Extracted natural resources Gifted property Bequested property Taxable income Taxable income ...
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