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 send it as an
email attachment to [email protected] Make sure that you put the following description in the
email's Subject line, including the spaces:
346 Homework 01
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 For each tax inin 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
For each tax 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 inin the tax base (col. G). Ignore the columns that are greyed out. You can find information about these taxes in
(col. F), and the items that are included the tax base (col. G). Ignore the columns that are greyed out. You can find information about these taxes in
chapter 1 1 of the text.
chapter of the text.
Tax Base Tax Tax Rate Schedule
Tax Paying Entity Method Period Items Property
Personalty Business or Personal property use
Business or Personal property use Length of owning the property
Life of assets Value of property and capital improvements of property
All assets that are not property. Tangible and intangible. Transactions
Consumers that reside in another state
States interested in natural resources Foreseeable future
Foreseeable future Almost all items purchased in stores.
Use, consumption, or storage of tangible property purchased in another state
Natural resources Gratutitous Transfers
Estate Property owner's that transfer property before death
Property owner's that transfer property at death Life of property
Life of property Current and past taxable gifts property values.
Value of the property Income
U.S. Corporation Taxpaying individuals
Taxpaying cororations Year of tax
Year of tax Taxpayers income both taxable and non-taxable
Corporations income both taxable and non taxable ...
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