Tax Worksheet

Anonymous
timer Asked: Apr 21st, 2016
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Question Description

Former Supreme Court Chief Justice John Marshall once stated, “The power to tax is the power to destroy.” The power to tax, the principle of taxation, and the effect taxes have on citizens has existed since the inception of America itself. However, much of it is misunderstood.

Utilizing your property tax bill, pay stub, utility bill, and a sales tax receipt, complete the Analyzing Tax Worksheet.


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POS-301: Analyzing Tax Worksheet Complete all five parts of the worksheet. Part One: Income Tax Use one of your paystubs to fill in the table below. Who Determines the Amount of Tax? Services the Tax is Applied Towards Federal Tax State Tax Social Security Tax Medicare Tax Other (Please specify) Part Two: Sales Tax Use a receipt for a purchase you have made recently to answer the questions below. 1. List all of the taxes (percent, amount, etc.) found on the receipt. 2. Who determines the amount of each tax? 3. Where does revenue from this tax go? What does it fund? Part Three: Utility Tax Use one of your utility billsto answer the questions below. © 2015. Grand Canyon University. All Rights Reserved. Part Three: Utility Tax Use one of your utility bills to answer the questions below. 1. List all of the taxes (percent, amount, etc.) found on the bill. 2. Who determines the amount of each tax? 3. Where does revenue from this tax go? What does it fund? Part Four: Property Tax Use one of your own property tax statements to answer the questions below. 1. List all of the taxes (percent, amount, etc.) found on the statement. 2. Who determines the amount of each tax? 3. Where does revenue from this tax go? What does it fund? Part Four: Summary and Analysis Part Five: Summary and Analysis Write a 200-350-word summary below of your findings and what you have learned about how you are taxed. ...
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Tutor Answer

Mburu
School: Purdue University

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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