This class was created by Brainscape user Emma Whitney. Visit their profile to learn more about the creator.

Decks in this class (14)

Chapter 1: Introduction
Marginal tax rate,
Average tax rate,
Effective tax rate
72  cards
Chapter 2: Determination Of Tax
Tax formula for individuals,
Income,
Exclusion
106  cards
Chapter 3: Gross Income: Inclusions
Gross income,
Economist definition of income,
Realization as per income for acc...
110  cards
Chapter 4: Exclusions From Gross Income
Loans,
Scholarships,
Source of income exclusions
68  cards
Chapter 5: Property Transactions
Realized gain or loss,
Property transfers potentially re...,
Return of capital
117  cards
Chapter 6: Deductions And Losses
Three general categories of deduc...,
Deductions for agi,
Deductions from agi
106  cards
Chapter 8: Itemized Deductions
Medical expenses,
Who counts as a qualified individ...,
Medical expenses for children of ...
117  cards
Chapter 7: Business Expenses and Deferred Compensation
What expenses go on schedule c,
What expenses go on schedule e,
What expenses go on schedule f
162  cards
Chapter 9: Losses And Bad Debts
Closed transaction doctrine,
Losses on property used partially...,
Loss on sale or exchange of property
125  cards
Chapter 10: Depreciation and Cost Recovery
Depreciation rules for property p...,
Depreciation rules for property p...,
Depreciation rules for property p...
86  cards
Chapter 11: Accounting Periods And Methods
How does the choice of accounting...,
Accounting period for taxpayers w...,
When does a business choose a tax...
99  cards
Chapter 12: Nontaxable Exchanges Of Property
Most common transactions that res...,
Section 1031 a,
Is nonrecognition of gain or loss...
77  cards
Chapter 13: Property Transactions Sec 1231 And Recapture
Section 1231 property,
Net sec 1231 gains,
Net sec 1231 losses
69  cards
Chapter 14: AMT, SE Tax, Tax Credits, Tax Payments
Purpose of alternative minimum tax,
Who does the alternative minimum ...,
Alternative minimum taxable income
114  cards

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survey of taxation

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