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BUS 345: Federal Income Tax

Term: Fall

Credits: 4

Degree Requirements:

An introduction to the principles of taxation applicable to individuals and businesses, including determination of income, deductions,
exemptions, capital gains and losses, depreciation, employee expenses, alternative minimum tax, and property transactions. The course
emphasizes taxation of individuals, but introduces corporate and partnership taxation as well. Coverage includes the theory and purpose
of taxation, the impact of taxes on management decisions, and the evolution of the tax system over time. A computer tax service and a
computer tax preparation program are utilized for tax research and simulation of financial decisions involving complex tax issues.

Prerequisites: Financial Accounting Introduction to Economics,