Question
sing the information below, complete the case study. Your assignment must include these completed forms: Fillable TPT-EZ form (opens in a new tab) Arizona Business
- sing the information below, complete the case study.
- Your assignment must include these completed forms:
- Fillable TPT-EZ form(opens in a new tab)
- Arizona Business Property Statement(opens in a new tab)
- Exemption Certificate Form(opens in a new tab)
- Word document answering the questions for Rico's Tacos Place & Food Truck
- On you have completed the assignment, zip your four completed documents into one folder following the instructions in the Syllabus and submit using the link below.
Case Study
You are an accountant hired to complete the TPT-EZ form for your client Rico's Tacos Place & Food Truck. Rico's Tacos Place & Food Truck is a restaurant that sells food and beverages. In addition, Rico's Tacos Place & Food Truck offers a food truck services for businesses that have large outdoor events. Based on the details below, you must complete the TPT-EZ form using the February 2023 rates listed on the Arizona Department of Revenue website.
In addition to completing the TPT-EZ form and the exemption certificate, you must complete the business property statement form 82520 for Rico's Tacos Place & Food Truck. After completion of the above-mentioned forms, you must answer the questions listed below regarding your client Rico's Tacos Place & Food Truck.
Case Study Questions
Access the information in the links below to complete the required forms and answer the questions.
- Figure out the potential deduction(s) on schedule A.
- Determine whether Rico's Tacos Place & Food Truck is allowed an accounting credit.
- Identify the form Rico's Tacos Place & Food Truck needs to complete for its vendor Carne Market for exemption of sales tax. Find the form and complete it for Rico's Tacos Place & Food Truck.
Company Information
Rico's Tacos Place & Food Truck 50 Plaza Street Phoenix, AZ 85021 602-555-5555 EIN 45-398622 License 223644
Sales, Tax, Expenses, and Rent Transactions
Transaction | Amount |
---|---|
Food sales from restaurant for March 2023 | $20,000 |
Food sales from rood truck events | $2,000 |
Cost of food | $4,000 |
Sales tax factored / collected | $1,189 |
Other information:
Enter your name for preparer.
Vendor Company Information
Vendor used to supply food and beverages:
Carne Market 125 W. Haven Drive Mesa, AZ 85202 480-667-3377 Account # 25839
Inventory Information
Inventory: Business property Account number 256234.
Date | Item | Amount |
---|---|---|
Purchased 9/5/22 | Stove | $3,000 |
Sold 12/1/22 | Grill | $1,000 |
Acquisition 2020 | Beverage Machine | $1,000 |
Acquisition 2019 | Tables & Chairs | $2,000 |
Balance as of 12/31/22 | Food | $1,000 |
Balance as of 12/31/22 | Office Supplies | $2,500 |
Other information:
Enter your name as authorized agent.
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