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Master Course Outline
ACCT 216
Principles of Income Tax


Credits: 5
Clock Hours per Quarter: 50

AA Discipline:

Lecture Hours:50


Description
Reviews the federal tax structure and ability to apply tax principles to specific problems. Prerequisite: ACCT& 202 or instructor permission.

Intended Learning Outcomes
  • Define the components of the federal tax equation.
  • Differentiate components of gross income.
  • Compare and contrast Internal Revenue Code with Generally Accepted Accounting Principles.
  • Define personal and dependency exemptions.
  • Define characteristics of itemized deductions.
  • Demonstrate understanding of refundable and non-refundable tax credits.
  • Apply depreciation rules and capital gains and loss rules to capital assets.
  • Apply individual tax law to achieve minimum tax liability as required by law.

  • Course Topics
  • Tax formula for individuals
  • Reporting and taxable entities
  • Gross income and exclusions
  • Retirement plans
  • Itemized Deductions
  • Credits and Special Taxes
  • Capital gains and losses

  • Syllabi Listing See ALL Quarters
    Course
    Year Quarter
    Item
    Instructor  
    ACCT 216
    Fall 2016
    0310
    Francis Lyons
    ACCT 216
    Fall 2015
    0283
    Francis Lyons
    ACCT 216
    Fall 2014
    6025
    Linda Lane
    ACCT 216
    Fall 2014
    0283
    Joe Cooke
    ACCT 216
    Fall 2013
    6025
    Linda Lane


    Two Year Projected Schedule

    Year One* Year Two**
    Fall
    Winter
    Spring
    Summer
    Mini 
    Fall
    Winter
    Spring
    Summer
    Mini
    X
     
     
     
     
    X
     
     
     
     

    *If fall quarter starts on an odd year (2003, 2005, etc.), it's Year One.
    **
    If fall quarter starts on an even year (2002, 2004, etc.), it's Year Two.