Use the Current Internal Revenue Code in the IntelliConnect Federal Tax database to answer the following questions:
a. Which Code sections result from a search for “tackle box” in the current Code?
b. Examine the resulting Code sections. What is the rate of tax imposed on the sale of a tackle box?
c. In the Code section that provides the rate of tax on tackle boxes, use the Relevant Document link to CCH Explanations. Based on the resulting explanations, what is the maximum excise tax amount on fishing rods or poles (if any)?
d. Change the selection in the Navigation Bar to Search /Browse: within results and keyword search for “quiver”. Does an article designed for solely transporting arrows when not in use meet the definition of a taxable quiver?
e. Follow the footnote link to the primary source on quivers. Which regulation covers this topic?