ACCT 2012 - Taxation I

Academic Division: Business, Industry and Technology
Academic Discipline: Accounting

Assistant Dean: Brooke Miller, M.B.A.

3 Credit(s)
Income tax concepts will be stressed in the course, such as income, exclusions, deductions, adjusted gross income, capital gains and losses, exemptions, tax credits, and determination of income from business, trade, or profession. Attention is given to the reasoning behind major tax regulations and their effects upon the business firm and the impact of tax regulations upon managerial decision-making. UG

3 Lecture Hour(s);

College Wide Outcomes

College-Wide Learning Outcomes	Assessments - - How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking
Information Literacy
Quantitative Literacy

Student Learning Outcomes for Course

Outcomes	Assessments – How it is met & When it is met
1. Discuss the tax system in light of the most current laws and regulations available.	Exams and/or quizzes, daily homework - Weeks 1 and 3
2. Define gross income, including gross income exclusions and income adjustments.	Exams and/or quizzes, daily homework, and computer generated tax returns, - Weeks 4-8
3. Prepare Forms 1040, 1040-SR, & Schedules 1, 2, 3, A, B, C, D, E, and SE and all necessary supporting forms.	Manually prepared and computer generated tax returns – throughout entire semester
4. Demonstrate an understanding of the concepts and calculations related to the recovery of the cost of long-term business assets, including an illustration of how to report depreciation on Form 4562.	Exams, quizzes, daily homework, computer generated tax returns - Weeks 9-12
5. Analyze other tax considerations, including the finalizing of tax calculation and the consideration of additional taxes & other taxes and credits.	Exams and/or quizzes, daily homework, computer generated tax returns - Weeks 9-12
6. Explain the requirements for transmitting tax statements to the federal, state, and local governments.	Exams and/or quizzes, daily homework - Week 13
7. Explain the information necessary for planning and controlling the income tax consequences of events yet to occur.	Exams and/or quizzes, daily homework - Week 14

Standard Grading Scale
93-100 A

90 - 92 A-

87- 89 B+

83 - 86 B

80 -82 B-

77- 79 C+

73 - 76 C

70 -72 C-

67- 69 D+

63 - 66 D

60 -62 D-

00- 59 F

Statement on Diversity
North Central State College believes that every student is a valued and equal member of the community.* Every student brings different experiences to the College, and all are important in enriching academic life and developing greater understanding and appreciation of one another. Therefore, NC State College creates an inclusive culture in which students feel comfortable sharing their experiences. Discrimination and prejudice have no place on the campus, and the College takes any complaint in this regard seriously. Students encountering aspects of the instruction that result in barriers to their sense of being included and respected should contact the instructor, assistant dean, or dean without fear of reprisal.

*Inclusive of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status (past, present or future), disability, age (40 years or older), status as a parent during pregnancy and immediately after the birth of a child, status as a parent of a young child, status as a foster parent, genetic information, or sexual orientation,

Standard NCSC Course Policies
Important information regarding College Procedures and Policies can be found on the syllabus supplement located at this link