Test Bank SWFT Comprehensive 2010 ch 24

Test Bank SWFT Comprehensive 2010 ch 24 - CHAPTER 24...

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Unformatted text preview: CHAPTER 24 MULTISTATE CORPORATE TAXATION Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Learning Objective, Level of Difficulty, Estimated Time to Completion, and the AACSB’s and AICPA’s Core Competencie s for each test item are located within the item itself. Status: Q/P Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 State and local tax payments Unchanged 1 2 Role of state/local taxes Unchanged 2 3 Use of state/local taxes by politicians Unchanged 3 4 State income taxes Unchanged 4 5 State AMT systems Unchanged 5 6 State tax enforcement Unchanged 6 7 State tax structure Unchanged 7 8 State income taxes Unchanged 8 9 State tax revenues Unchanged 9 10 State tax computation versus Federal Unchanged 10 11 State tax enforcement Unchanged 11 12 State taxable income modifications Unchanged 12 13 State taxable income modifications Unchanged 13 14 P.L. 86-272 immunity Unchanged 14 15 Nexus Unchanged 15 16 P.L. 86-272 immunity Unchanged 16 17 Allocation and apportionment Unchanged 17 18 Apportionment formulas Modified 18 19 Allocation and apportionment Unchanged 19 20 Apportionment factors Modified 20 21 Payroll factor Unchanged 21 22 Payroll factor Modified 22 23 Property factor Unchanged 23 24 Property factor, leased assets Unchanged 24 25 Unitary business Unchanged 25 26 Water’s edge election Unchanged 26 27 State taxation of S corporations Unchanged 27 28 Making an S election Unchanged 28 Status: Q/P Present in Prior Problem Topic Edition Edition 29 Nonresident S shareholders’ taxes Unchanged 29 30 Partnership/LLC state income apportionment Unchanged 30 31 Scope of sales/use tax Unchanged 31 32 Purpose of a use tax Unchanged 32 33 Sales/use tax base Unchanged 33 34 Sales/use tax resale exemption Unchanged 34 35 Sales/use tax targeted exemption Unchanged 35 36 Sales/use tax ultimate consumer concept Unchanged 36 37 Sales/use tax charitable exemption Unchanged 37 38 Sales/use tax groceries exemption Unchanged 38 39 Sales/use tax manufacturer exemption Unchanged 39 40 Sales/use tax occasional sale exemption Unchanged 40 41 Use tax Unchanged 41 42 Property tax Unchanged 42 43 Property tax assessment Unchanged 43 MULTIPLE CHOICE 1 Allocation and apportionment Unchanged 1 2 State taxable income Unchanged 2 3 State taxable income Modified 3 4 State taxable income modifications Unchanged 4 5 State taxable income modifications Unchanged 5 6 State taxable income modifications Unchanged 6 7 State taxable income Unchanged 7 8 P.L. 86-272 immunity Unchanged 8 9 P.L. 86-272 and independent contractors Unchanged 9 10 P.L. 86-272 immunity Unchanged 10 11 Apportionment formulas Unchanged 11 12 Apportionment formulas Unchanged 12 13 Apportionment formulas Unchanged 13 14 Apportionment formulas Modified 14 15 Apportionment formulas Unchanged...
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This note was uploaded on 06/18/2010 for the course ACCT 2200 taught by Professor Smith during the Spring '10 term at San Mateo Colleges.

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Test Bank SWFT Comprehensive 2010 ch 24 - CHAPTER 24...

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