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Lecture Taxation of individuals and business entities 2015 (6/e) - Chapter 6: Individual deductions

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Lecture Taxation of individuals and business entities 2015 (6/e) - Chapter 6: Individual deductions

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Lecture Taxation of individuals and business entities 2015 (6/e) - Chapter 6: Individual deductions. After completing this chapter, students will be able to: Identify the common deductions necessary for calculating adjusted gross income (AGI); describe the different types of itemized deductions available to individuals and compute itemized deductions; explain the operation of the standard deduction, determine the deduction for personal and dependency exemptions, and compute taxable income.

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