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PROBLEMS 1. (LO 1) Various answers are possible, including using the Key Terms at the end of each chapter, referring to the Glossary (Appendix C), looking up the footnote resources to the Internal Revenue Code in Appendix D, using chapter features (e.g., Global Tax Issues, Ethics & Equity, Tax Planning, and Digging Deeper), examining the tax forms used in the chapters, and completing additional end-of-chapter assignments. All of these resources will help students engage more deeply with the materials and help their understanding. 2. (LO 3, 5, 6) Some tax and nontax considerations James should investigate include the following: • State and local income taxes. • State and local sales taxes. • State and local property taxes. • Employee implications of the move (Will James lose current employees? Is the labor market better in the new location? Is cost of living lower or higher in new location?). • Logistics/transportation of products to customers (specifically document lower costs). • State infrastructure (better in new location?). • What is the cost of the move? What is the payback period/ROI for the move? • What are real estate prices for new facilities in the new location? • Are there any tax incentives from state or local agencies if you relocate?
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