Assignment 2: LASA I—Tax Seminar
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:
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:
Respond to the following:
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 to the M3: Assignment 2 Dropbox by Wednesday, February 4, 2015.
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
|
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