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Nov 09, 2024
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2024 - 2025 College Catalog
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ACCT 250 - Federal Income Tax Credit Hours: 3 Lecture Hours: 3 Laboratory (or Other) Hours: 0
Prerequisite(s): ACCT 125 Corequisite(s): None Restriction(s): None
This course covers Federal Income Tax Law, its applications to individual taxpayers and practice in preparing tax returns. Topics include: introduction to the history of tax; rates and exemptions; income determination; recognition of gains and losses; deductions; tax planning and an introduction to estate and gift taxes.
Student Learning Outcomes of the Course:
- Identify and differentiate appropriate tax filing status and dependencies.
- Identify, differentiate and record different types of income using the appropriate tax form(s).
- Identify, differentiate and record different types of adjustments using the appropriate tax form(s).
- Identify, differentiate and record different types of deductions using the appropriate tax form(s).
- Identify, differentiate and record different types of credits using the appropriate tax form(s).
- Completion of an actual taxpayer’s tax return.
Repeatable: No
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