Oct 19, 2019  

ACC 241 Federal Income Taxes I

Prerequisite: ACC 113  with a C or higher
3 credits

This course is designed to give the student a basic understanding of federal income taxes for individuals. A hands-on approach involving preparation of the latest tax forms is used. Emphasis is on the tax accounting concepts of the law. Topics covered include taxable income, exemptions, deductions, capital transactions, and determination of taxes to be paid.