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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

  1. sing the information below, complete the case study.
  2. 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
  3. 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.

  1. Figure out the potential deduction(s) on schedule A.
  2. Determine whether Rico's Tacos Place & Food Truck is allowed an accounting credit.
  3. 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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