Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me and answer all questions 11. Under P.L. 86-272, which of the following transactions creates nexus a. Conducting training classes, seminars, or lectures

Please help me and answer all questions

11. Under P.L. 86-272, which of the following transactions creates nexus

a. Conducting training classes, seminars, or lectures for persons other than sales personnel.

b. Passing inquiries or complaints on to the home office

c. Maintaining a sample or display room for two weeks or less during the year

d. Maintaining a website that presents information about items of tangible personal property that are for sale.

12. To determine whether an out-of-state entity has income tax nexus, some states use:

a. A factor-presence test.

b. An economic presence test.

c. Both a. and b are used by certain states.

d. Neither a. nor b is used by the states.

13. Which circumstance does not create sufficient nexus:

a. Deriving income within the state

b. Owning property or leased within the state

c. Carrying free samples only for display or distribution

d. Employing persons within the state.

14. Which circumstances creates sufficient nexus?

a. Making repairs or providing maintenance

b. Advertising campaigns

c. Maintaining a sample or display room for two weeks or less during the year

d. Maintaining a website that presents information about items of tangible personal property that are for sale

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-30

Authors: John Price, M. David Haddock, Michael Farina

14th edition

978-1259284861, 1259284867, 77862392, 978-0077862398

More Books

Students also viewed these Accounting questions