Course Code:
TAX2000

Credit Hours:
3

Effective beginning:
2023-24

Sections:
000

Course Description:
This course covers fundamental federal income tax regulations applicable to individuals, including preparation of forms, documentation requirements, computation of tax, tax planning, and use of computerized tax preparation programs.

Instructors:

As assigned

Assignment/course outline:

The following topics will be covered in this course at the discretion of the instructor:   

• Introduction to Taxation, the Income Tax Formula, and Form 1040EZ   
• Expanded Tax Formula, Forms 1040A, and Basic Concepts   
• Gross Income: Inclusions and Exclusions   
• Adjustments for Adjusted Gross Income   
• Itemized Deductions   
• Self-Employed Business Income   
• Capital Gains and Other Sales of Property   
• Rental Property, Royalties, and Income from Flow-Through Entities   
• Tax Credits   
• Payroll Taxes

Discipline-level learning outcomes:

Associates degree in Business Administration Learning Outcomes:  

B-1 Demonstrate knowledge of the principles, practices and supervisory responsibilities of management, and ethical and legal issues in a business environment.  

B-2 Apply general business workplace competencies, including employability skills and office computer skills.  

B-3 Understand business concepts, such as accounting, HR, marketing and organization.  

B-4 Communicate effectively in oral and written form, exhibit college level computation and problem-solving skills, and interact appropriately with people of other cultures or backgrounds.

Course-level learning outcomes:

Means of accomplishing learning outcomes:

In-Person

The instructor will:

• Lecture and lead class discussions.
• Assign readings from textbooks and/or other sources to supplement lectures.
• Provide supplemental materials that align with the material presented in the textbook as appropriate.
• Design assignments, quizzes, discussions, etc., to help students engage with the course material.
• Use other teaching strategies to assist students in examining and understanding course materials as needed.
• Provide timely feedback on assignments.
• Hold weekly office hours to address questions and student needs outside of class time.

The students will:

• Attend class regularly and be attentive to lectures.
• Engage with class discussion.
• Participate in student discussion groups.
• Read assigned readings.
• Complete assignments, quizzes, discussion boards, etc., as assigned by the instructor.

Online

The instructor will:

• Lead class discussions.
• Assign textbook and/or other readings.
• Provide supplemental materials that align with the material presented in the textbook as appropriate.
• Design assignments, quizzes, discussions, etc., to help students engage with the course material.
• Use other teaching strategies to assist students in examining and understanding course materials as needed.
• Provide timely feedback on assignments.
• Hold weekly virtual office hours to address questions and student needs.

The students will:

• Engage with the course regularly.
• Engage with class discussions.
• Participate in student discussion groups.
• Read assigned readings.
• Complete assignments, quizzes, discussion boards, etc. as assigned by instructor.