M3a1 lasa tax seminar | Business & Finance homework help

Assignment 2: LASA I—Tax Seminar

Don't use plagiarized sources. Get Your Custom Essay on
M3a1 lasa tax seminar | Business & Finance homework help
Just from $13/Page
Order Essay

You are the instructor of a one-day tax seminar to inform international students studying business in the United States about the current tax system.

You are preparing a background report to help you prepare for the seminar. The report will include information about programs supported by tax revenue, the type of tax structure in the United States, primary and secondary sources for tax research, and a detailed example of the cash basis for tax purposes.

You are preparing the example to explain the cash basis to your students but need to detail the information in the report to be able explain it in the presentation.

In a six- to eight-page paper, prepare a report that addresses each of the following:

* Describe at least three government programs supported by revenue from specific taxes (include specific examples).

* For each program, specify the related tax, the entities or activities on which it is levied, and the tax rate.

* Where possible, give quantitative information such as the proportion of tax revenue used for the program and the proportion of program expenses supported by the tax revenue.

* Explain how the underlying principles of taxation relate to the programs supported by the taxes.

* What type of tax rate structure does the U.S. tax system apply (include advantages and disadvantages of the current structure)?

* Discuss the primary and secondary authoritative sources, provide a description of each, and detail the differences between them.

* Based on the scenario below respond to the questions on using the cash basis.

XYZ Manufacturing, Inc., located in Centervale, uses the calendar year and the cash method of accounting.

On December 31, 2010, XYZ made the following cash payments:

* $100,000 for a two-year office lease beginning on February 1, 2011

* $58,000 of inventory items held for sale to customers

* $21,800 to purchase new manufacturing equipment, which was delivered and set up on January 15, 2011

* $10,000 compensation to the company’s auditors who spent three weeks in January 2011 analyzing XYZ’s internal control system, as a part of the annual audit

* $30,500 property tax paid to the local government for the first six months of 2011

Respond to the following:

* To what extent can XYZ deduct these payments in 2010? Explain your answer citing relevant rules and laws.

* What advantages does the cash method of accounting offer to the company? Give reasons for your answer.

* Would any other method offer an advantage? Give reasons for your answer.

Give detailed reasons for your responses and format your paper in APA. You should have at least six outside sources in addition to your textbook.

Submit your assignment by the due date assigned to the Submissions Area.

Assignment 2 Grading Criteria 

Maximum Points

Described at least three government programs supported by revenue from specific taxes (including specific examples). 12

Specified, for each program, the related tax and tax rate including the entities or activities on which it is levied. 12

Gave quantitative information such as the proportion of tax revenue used for the program and the proportion of program expenses supported by the tax revenue.  12

Explained how the underlying principles of taxation relate to the programs supported by the taxes. 12

Described type of tax rate structure used in the U.S. tax system (including advantages and disadvantages of the current structure). 20

Discussed the primary and secondary authoritative sources, provided a description of each, and detailed the differences between them. 20

Discussed to what extent XYZ can deduct payments in 2010, based on the given scenario. Citing relevant rules and laws. 28

Discussed advantages the cash method of accounting offers to the company. 20

Discussed whether another method of accounting may offer an advantage. 20

Style (4 points): Tone, audience, and word choice

Organization (12 points): Introduction, transitions, and conclusion

Usage and Mechanics (12 points): Grammar, spelling, and sentence structure

APA Elements (16 points): In text citations and references, paraphrasing, and appropriate use of quotations and other elements of style 44

Total: 200

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code ESSAYHELP