Assignment:
To prepare the new staff for the upcoming tax season, you have decided to hold training.
Prepare a short PowerPoint presentation of 4 to 5 slides outlining the following:
What type of tax rate structure does the U.S. tax system apply?
What are the individual tax forms, and what factors are used to determine which one to use?
What is taxable income, and how is it determined?
Objectives:
Assess the sources of federal income tax law
Differentiate the sources of income that are typically included and excluded in the determination of individual taxable income