Jun 14, 2024  
2022-23 Catalog 
    
2022-23 Catalog [ARCHIVED CATALOG]

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ACCT 220 - Federal Income Tax I


5 credits

Recommended Preparation
BTECH 102  

Prerequisites
ACCT 113  or ACCT& 201 , or instructor permission.

An introduction to the basic concepts of the Internal Revenue Code as applied to individual and business tax problems. Includes the concepts of gross income, adjustments to gross income, deductions, credits, depreciation, and capital gains and losses. Provides experience in completing common reporting forms manually or with a computer.

Theory Hours
5 lecture hours.

Vocational Program Course
Vocational program course.

AA General Elective
May be used as a general elective in the AA degree.

Course Outcomes
  • Computation of the tax liability, gross income, itemized deductions, exemptions and credits
  • Identify tax issues and where to research resolutions
  • Interpret and compute self-employment taxes
  • Completion of a various tax forms




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