AC 213 - Federal Income Taxation I

Federal Income Taxation for individuals is covered in this course. At the conclusion of this course, a student should be able to complete their own tax return as well as the tax return for a typical middle class home owning (or non home owning) family with children and investments. The earned income credit as well as the other primary refundable and non refundable credits is covered giving the student the ability to help low income individuals or families. The student should also be able to complete the basic tax return of a sole proprietorship and calculate the self employment tax at the conclusion of this course. Additionally, basic tax planning is reviewed to provide the opportunity to allow better financial decisions to be made. Non business majors are encouraged to take this course.

Four credits.