251 4
ashes
CCH FEDERAL TammNCouaasarnsms TOPICS
The Commerce Clause, which gives Congress the power to regulate commerce among
the states, forbids states from levying a tax that discriminates against interstate commerce
or burdens interstate commerce by
125,345
Multiiurisdictional Taxation: International and State and Local Transactions 2541
Income Sourcing Categories
PERSONAL SERVICES INCOME
The source of compensation from personal services generally depends on where the per
sonal services were performe
cfw_I
.
osaecrlyes
MULTIJUFIISDICTIDNAL
TAXATION: INTERNATIONAL
AND STATE AND LOCAL
TRANSACTIONS
1.
2.
3.
mneme
HKD
Identify the different types of state and local taxes.
Explain when a state has authority to tax a nonresident individual or business.
EXAMPLE 25.23
EXAMPLE 25.24
Multiiurisdiotional Taxation: International and State and Local Transactions 2529
Container Corp. is a vertically integrated corporation that manufactures custom-ordered
paperboard packaging. California seeks to tax the income
2588
(1125555
(1125.555
CCH FEDERAL TAXATnNCDMPREHENSNE Topics
FOREIGN TAX CREDIT
Taxpayers may take a credit or deduction for income, war profits, and excess profits taxes (col-
lectively referred to as income tax) that they paid to a foreign country or
Multijurisdictionai Taxation: international and State and Local Transactions 2553
pai'hieiship distribution, or similar payments made by the debtor or a related person, 01' any
other type of contingent interest identified by the IRS, where denial of the p
CORPORATE INCOME TAX:
UDITPA
Formed to provide uniformity among the state with respect to multi state corporations
o Distinguishes between business income and non business income
Under UDITPA, a taxpayer apportions a percentage of its business income to e
Quill Corp. v. North Dakota
Supreme Court of the U.S., 1992
504 U.S. 298
Facts
Quill, an office supplies company, sold merchandise to customers in North Dakota but did not have a
physical existence there. Quills advertisements were internationally distrib
Descriptive and Inferential Statistics
Descriptive (summary) statistics is used to explore sample
data.
Inferential statistics is about generalizing from sample
data to a population.
2
When do we need to bother with it in
the research process?
4
Collect
Descriptive and Inferential Statistics
Descriptive (summary) statistics is used to explore sample
data.
Inferential statistics is about generalizing from sample
data to a population.
2
1
When do we need to bother with it in
the research process?
4
Colle
2-1/47
Econometrics I
Professor William Greene
Stern School of Business
Department of Economics
Part 2: Projection and Regression
2-2/47
Econometrics I
Part 2 Projection and
Regression
Part 2: Projection and Regression
2-3/47
Statistical Relationship
Obje
Descriptive and Inferential Statistics
Descriptive (summary) statistics is used to explore sample
data.
Inferential statistics is about generalizing from sample
data to a population.
2
1
When do we need to bother with it in
the research process?
4
Collect
Research Designs That Assess
Effectiveness
Christopher Schatschneider, Ph.D.
Florida Center for Reading Research
Florida State University
Presented at the pre-application meeting for the
Interagency Education Research Initiative (IERI)
Institute of Educat
Descriptive and Inferential Statistics
Descriptive (summary) statistics is used to explore sample
data.
Inferential statistics is about generalizing from sample
data to a population.
2
When do we need to bother with it in
the research process?
Collection
PROBABILITY, STATISTICS and SCIENCE
A major concern of science is the development of models for predicting nature. To
predict, one must understand the natural process being studied well enough to
understand that if the inputs are "A," "B," "C," and "D," t
What is a p-value?
The p-value IS
(1) The probability of getting a test statistic as extreme as the observed test statistic, given that
the null hypothesis is true, or
(2) The smallest level that would still result in a rejection of the null hypothesis.
E
The Mathematical Symbols used in Statistics
All wisdom is rooted in learning to call things by the right name.
-Confucious (c. 500 B.C.)
Purpose:
The purpose of this document is clearly identify the many mathematical symbols used in typical
statistics pro
DO IT! 2 Sales, Production, and Direct Materials Budgets
Change #
Soriano Company is preparing its master budget for 2017. Relevant data pertaining to its sa
budgets are as follows.
Sales.Sales for the year are expected to total
Quarterly sales, as a perc
DO IT! 1 Budget Terminology
Use this list of terms to complete the sentences that follow.
Long-range
Participative
planning
budgeting
Sales forecast
Operating
budgets
Master budget
Financial budgets
1. A _ shows potential sales for the industry and a comp
Brief Exercise G-14
Change Numbers
Cullumber Company is about to issue
$
346,100
of
6 - years bonds paying an
9%
interest rate
with interest payable semiannually
50%
2
The discount rate for such securities is
12%
(For calculation purposes, use 5 decimal p
E19-6
Compute break-even point in units for a company with more than one prod
Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit
contribution margin are as follows.
Lawnmowers
Weed-trimmers
Chainsaws
Sales Mix Unit Co
DO IT! 4 Break-Even Analysis
Lombardi Company has a unit selling price of
variable costs per unit of
and fixed costs of
Compute the break-even point in units using
a) A Mathematical Equation
Break-even point is
1,125 units
b) Unit Contribution Margin
Brea
Unit Selling price of camcorder
Unit Variable costs
Total Monthly fixed costs
Units Sold
Increase in Sales
$
$
$
$
500
300
200,000
1,000
100,000
VARGO VIDEO COMPANY
CVP Income Statement
For the Month Ended June 30, 2017
No Change
Total
Per Unit
% of Sales
E19-7
Compute service line break-even point and target net
income in dollars for a company with more than one
service.
PDQ Repairs has
200
auto-maintenance service outlets nationwide.
It performs primarily two lines of service: oil changes and brake repai
Break-Even, Margin of Safety, and Target Net Income
Zootsuit Inc. makes travel bags that sell for $
56
For the coming year, management expects fixed costs to total $
320,000
and variable costs to be $
42
Compute the following:
a) break-even point in dolla