For your state and one of its neighbors determine the

Assignment Help Business Management

Reference no: EM13351028

For your state and one of its neighbors, determine the following. Place your data in a chart and e-mail your findings to your professor.

a. To what extent does each state follow the rulings of the Multistate Tax Commission?

b. What is each state's apportionment formula, with factors and weightings?

c. Does the state adopt pertinent changes to the Internal Revenue Code? As of what date?

d. Has the state joined the Streamlined Sales Tax Project? Which of the project's rules has the state adopted? What is the effective date?

e. Is the tax-effectiveness of a passive investment company limited in some way? Has the state adopted the Geoffrey approach to the taxation of income from intangibles? Explain.

f. Does the state apply entity-level income taxes for S corporations, partnerships, and LLCs? If so, what are the terms of those taxes?

g. What are the requirements for the occasional-sale rule as an exception to the sales/ use tax? Who can use this rule?

h. Describe any exemptions from the sales/use tax base that are allowed for transactions involving groceries, school clothing and supplies, religious goods, and legal services.

i. What is the discount allowed, if any, when a vendor remits sales/use tax to the state in a timely manner?

j. Does the state levy a "minimum tax" or "alternative minimum tax"? If so, what are the terms and rates for the tax?

Reference no: EM13351028

Questions Cloud

1 copypaste the subsequent items from your major scholarly : 1. copypaste the subsequent items from your major scholarly project into your metacognitive assignment document the

Q1 a uniform plank of length 46 m and weight 204 n rests : q1. a uniform plank of length 4.6 m and weight 204 n rests parallel on two supports with 1.1 m of the plank hanging

After viewing the chinese imports amp food safety video : after viewing the chinese imports amp food safety video deliberate whether u.s. retailers that utilize products or raw

Q1 a 750 gram grinding wheel 250 cm in diameter is in the : q1. a 750 gram grinding wheel 25.0 cm in diameter is in the shape of a uniform solid disk. we can overlook the small

For your state and one of its neighbors determine the : for your state and one of its neighbors determine the following. place your data in a chart and e-mail your findings to

Q1 megans mass is 27 kg she climbs the 48 m ladder of a : q1. megans mass is 27 kg. she climbs the 4.8 m ladder of a slide and reaches a velocity of 3.6 ms at the bottom of the

The department managers meet with you to discuss : the department managers meet with you to discuss implementing a safety and quality process improvement process pip

Q1 a 21-cm-long zero-resistance wire is pulled outward on : q1. a 21-cm-long zero-resistance wire is pulled outward on zero-resistance rails at a steady speed of 1.0 in a 0.10

Q1 tony of mass 55 kg coasts on his bicycle of mass 20 kg : q1. tony of mass 55 kg coasts on his bicycle of mass 20 kg at a constant speed of 4 ms carrying a 12 kg pack. tony

User Account

All Pages