How will accomplishing the below objectives support your success in accounting? What risks or challenges might an accountant encounter if they have not mastered these objectives? Explain.
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Course Objectives
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Predict the tax credits typically available to an individual taxpayer
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Assess the tax consequences of various property transactions
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Construct the losses, expenses, and deductions that are typically allowed and disallowed in the determination of individual taxable income
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Differentiate the sources of income that are typically included and excluded in the determination of individual taxable income
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Calculate the amount of taxable income and income tax due for a typical individual taxpayer
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Assess the sources of federal income tax la
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