Personal Income Tax.

Catalog description

An examination of the source and application of U. S. tax authority as it relates to individual taxpayers. Various exclusions, deductions, credits, and rates are analyzed and illustrated with a view towards tax determination. This course addresses topics in the Tax Core section, as well as the Tax Compliance and Planning Discipline section, of the Uniform CPA Exam. Prerequisites: EC 2301 , EC 2303 , MT 1305 or MT 1411 or MT 2412 , MT 2306 or MT 2303 , AC 2301 , AC 2302 . (Fall only).