Lecture Taxation of individuals and business entities 2015 (6/e) - Chapter 4: Individual income tax overview, exemptions, and filing status

Chapter 4 - Individual income tax overview, exemptions, and filing status. Upon completion of this lesson, the successful participant will be able to: Describe the formula for calculating an individual’s tax liability and generally explain each formula component, explain the requirements for determining a taxpayer’s personal and dependency exemptions, determine a taxpayer’s filing status,...