Mahre, Incorporated, a New York corporation, runs ski tours in several states. Mahre also has a New York retail store and an Internet store, whi ansactions in all states, except New York, are under 200 and that all states have adopted Wayfair legislation. The ski tours operate in Maine, mployees and owns and uses tangible personal property. Mahre has real property only in New York. Mahre has the following sales: Alaska Colorado State Maine New Hampshire New York Vermont Mahre Sales Goods $ 23,194 10,612 35,913 26,721 65,431 41,982 Services $0 0 156,084 325,327 0 277,441 Total $ 23,194 10,612 191,997 352,048 65,431 319,423

Mahre, Incorporated, a New York corporation, runs ski tours in several states. Mahre also has a New York retail store and an Internet store, whi ansactions in all states, except New York, are under 200 and that all states have adopted Wayfair legislation. The ski tours operate in Maine, mployees and owns and uses tangible personal property. Mahre has real property only in New York. Mahre has the following sales: Alaska Colorado State Maine New Hampshire New York Vermont Mahre Sales Goods $ 23,194 10,612 35,913 26,721 65,431 41,982 Services $0 0 156,084 325,327 0 277,441 Total $ 23,194 10,612 191,997 352,048 65,431 319,423

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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GreenGrow Limited is a local landscaping company that does household and commercial landscaping. Primarily, they help business select plants and manage the plants. They also have regular maintenance contracts such as watering, weeding, and mowing. In the winter, they have some contracts for managing the indoor plants of shopping malls, and do snow clearing to help boost that low income season. Joey, the majority shareholder of GreenGrow is ecstatic. He has managed to come in as the low bidder for a new type of contract. He bid on the construction of a track for the track and field area of a local college. A piece of land on the north end of the college is being cleared and GreenGrow will be leveling the land and placing a bed of crushed stone for the track. Joey has just the right person to be in charge. Jack has previous experience working as an assistant on a road crew and knows how to use the surveying equipment needed to keep the track level. This is a big contract, representing…
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Kashi Corporation is the U.S. distributor of fencing (sword fighting) equipment imported from Europe. It is incorporated in Virginia and headquartered in Arlington, Virginia; it ships goods to all 50 states. Kashi's employees attend regional and national fencing competitions, where they maintain temporary booths to market their goods. Determine whether Kashi has income tax nexus and a filing requirement in the following situations: Required: Kashi is incorporated and headquartered in Virginia. It also has property, employees, salespeople, and intangibles in Virginia. Determine whether Kashi has income tax nexus in Virginia. Kashi has employees who live in Washington, D.C., and Maryland, but they perform all their employment-related activities in Virginia. Does Kashi have income tax nexus in Washington, D.C., and Maryland? Kashi has two customers in North Dakota. It receives their orders over the phone and ships goods to them using FedEx. Determine whether Kashi has income tax nexus…
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