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 he assigned
her than the answers that
e 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
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 Rate Schedule Tax Brackets % Valuation….
Tax Paying Entity Method Period Property
Homeowner, Business owner Assessment date
Assessment date Transactions
Purchaser not charged sales
Extractor Time of Purchase
At the end of fiscal year
at extraction Gratutitous Transfers
Estate Person receiving property/item
estate during the owner's life
time of owner's death Income
U.S. Corporation Employed Person
annual period (or event) when the tax
re greyed out. You can find aluation….
furniture Any tangible item subject to sales tax
Any tangible item subject to sales tax
Natural Resources gifted property
bequested property taxable income
taxable income ...
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