BUS 221 - Income Tax Procedure

Credits: 4

Advisory: Requires college-level skills in critical thinking and writing.
Description: Learn the Federal tax rules and how to prepare tax returns, supplemental schedules and other forms for individuals and business firms. Students compute Social Security and self-employment taxes and how to report payroll taxes, and review the differences between California state and Federal tax laws, forms and procedures.

Transferable
Transferable to CSU only

General Education:
Not approved for General Education

Student Learning Outcomes:

Explain the federal income tax form and the standard deductions a filer can make on their return.
Explain the tax consequences of transactions involving the purchase, sale, and exchange of property.
Explain the preparation of the California resident state income tax return.

Total Course In-Class (Contact) Hours: 72
Course Duration (Weeks): 18
Weekly Student Hours (In-Class) Lecture Hours: 4