Question

Mr. Josh Kenney, a U.S. citizen and resident of Vermont, owns 100 percent of the stock of JK Services, which is incorporated under Vermont law and conducts business in four counties in the state. JK Services owns 100 percent of the stock of JK Realty, which is incorporated under Massachusetts law and conducts business in Boston. Required: b1. Identify the governments with jurisdiction to tax to Mr. JK. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply 1 U.S. Government State of Vermont unanswered Local (County) Governments unanswered State of Massachusetts unanswered City of Boston unanswered b2. Identify the governments with jurisdiction to tax to JK Services. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply 2 U.S. Government unanswered State of Vermont unanswered Local (County) Governments unanswered State of Massachusetts unanswered City of Boston unanswered b3. Identify the governments with jurisdiction to tax to JK Realty. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply 3 U.S. Government unanswered State of Vermont unanswered Local (County) Governments unanswered State of Massachusetts unanswered City of Boston unanswered Next Visit question mapQuestion 1 of 2 Total1 of 2 Prev

Answer 1

Answer :

a.

The statement of facts identifies three taxpayers: Mr. Josh Kenney, JK Services, and JK Realty.

b.

The government of the locality in which Mr. Kenney resides, the state government of Vermont, and the U.S. government have jurisdiction to tax Mr. Kenney. The local governments of the four counties in which JK Services conducts business, the state government of Vermont, and the U.S. government have jurisdiction to tax JK Services. The city of Boston, the state government of Massachusetts, and the U.S. government have jurisdiction to tax JK Realty