Marketing Objectives
Chapter 2 Research Problems
(1) What are the key facts in each of the 3 problems?
(2) What is the general issue to be addressed?
(3) What key words would you use to research this question?
(4) Use online tax research tools to answer the question. (Several are listed in Chapter 2.)
(5) What important information would you include in a memo/letter to the “client” to communicate the results of your research?
Please type your answers below. Be concise but thorough enough.
Use proper citation on each question as discussed in Chapter 2.
#1: Shaun is a huge college football fan. In the past, he has always bought football tickets on the street from ticket scalpers. This year, he decided to join the university 's ticket program, which requires a $2,000 contribution to the university for the “right” to purchase tickets. Shaun will then pay $400 per season ticket. Shaun understands that the price paid for the season tickets is not tax deductible as a charitable contribution. However, contributions to a university are typically tax deductible.
How much, if any, of Shaun 's $2,000 contribution for the right to purchase tickets is tax deductible?
(1) Shaun is a huge college football fan. In the past, he has always bought football tickets on the street from ticket scalpers. This year, he decided to join the university 's ticket program, which requires a $2,000 contribution to the university for the “right” to purchase tickets. Shaun will then pay $400 per season ticket. Shaun understands that the price paid for the season tickets is not tax deductible as a charitable contribution. However, contributions to a university are typically tax deductible.
(2) How much, if any, of Shaun 's $2,000 contribution for the right to purchase tickets is tax deductible?
(2) Internal Revenue Service Sec. 170(I)- Charitable, etc., contributions and gifts
(4) Tax deductible is $ 1,600
(5) About Internal Revenue Service Sec. 170(I)-
(1) What are the key facts in each of the 3 problems?
(2) What is the general issue to be addressed?
(3) What key words would you use to research this question?
(4) Use online tax research tools to answer the question. (Several are listed in Chapter 2.)
(5) What important information would you include in a memo/letter to the “client” to communicate the results of your research?
Please type your answers below. Be concise but thorough enough.
Use proper citation on each question as discussed in Chapter 2.
#1: Shaun is a huge college football fan. In the past, he has always bought football tickets on the street from ticket scalpers. This year, he decided to join the university 's ticket program, which requires a $2,000 contribution to the university for the “right” to purchase tickets. Shaun will then pay $400 per season ticket. Shaun understands that the price paid for the season tickets is not tax deductible as a charitable contribution. However, contributions to a university are typically tax deductible.
How much, if any, of Shaun 's $2,000 contribution for the right to purchase tickets is tax deductible?
(1) Shaun is a huge college football fan. In the past, he has always bought football tickets on the street from ticket scalpers. This year, he decided to join the university 's ticket program, which requires a $2,000 contribution to the university for the “right” to purchase tickets. Shaun will then pay $400 per season ticket. Shaun understands that the price paid for the season tickets is not tax deductible as a charitable contribution. However, contributions to a university are typically tax deductible.
(2) How much, if any, of Shaun 's $2,000 contribution for the right to purchase tickets is tax deductible?
(2) Internal Revenue Service Sec. 170(I)- Charitable, etc., contributions and gifts
(4) Tax deductible is $ 1,600
(5) About Internal Revenue Service Sec. 170(I)-