| 4/26/2024 10:53:24 AM |
| New Course (First Version) |
| CATALOG INFORMATION
|
| Discipline and Nbr:
ADLTED 754.1 | Title:
BASIC TAX LAW |
|
| Full Title:
Introduction to Basic Tax Law |
| Last Reviewed:10/25/2021 |
| Units | Course Hours per Week | | Nbr of Weeks | Course Hours Total |
| Maximum | 0 | Lecture Scheduled | 0 | 8 max. | Lecture Scheduled | 0 |
| Minimum | 0 | Lab Scheduled | 3.00 | 2 min. | Lab Scheduled | 24.00 |
| | Contact DHR | 0 | | Contact DHR | 0 |
| | Contact Total | 3.00 | | Contact Total | 24.00 |
| |
| | Non-contact DHR | 0 | | Non-contact DHR Total | 0 |
| | Total Out of Class Hours: 0.00 | Total Student Learning Hours: 24.00 | |
Title 5 Category:
Non-Credit
Grading:
Non-Credit Course
Repeatability:
27 - Exempt From Repeat Provisions
Also Listed As:
Formerly:
Catalog Description:
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In this first course of a 2-course series, students will be prepared to file federal and state tax returns for clients and/or volunteer for the free tax preparation program, such as EarnIt! KeepIt! SaveIt! In this course, students will learn basic tax law, which includes the following topics: determining filing status and exemptions, determining taxable income, determining adjusted gross income, computing tax and credits, applying refundable credits, and computing payments/refund.
Prerequisites/Corequisites:
Recommended Preparation:
Limits on Enrollment:
Schedule of Classes Information
Description:
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In this first course of a 2-course series, students will be prepared to file federal and state tax returns for clients and/or volunteer for the free tax preparation program, such as EarnIt! KeepIt! SaveIt! In this course, students will learn basic tax law, which includes the following topics: determining filing status and exemptions, determining taxable income, determining adjusted gross income, computing tax and credits, applying refundable credits, and computing payments/refund.
(Non-Credit Course)
Prerequisites:
Recommended:
Limits on Enrollment:
Transfer Credit:
Repeatability:27 - Exempt From Repeat Provisions
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
| Associate Degree: | Effective: | | Inactive: | |
| Area: | | |
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| CSU GE: | Transfer Area | | Effective: | Inactive: |
| |
| IGETC: | Transfer Area | | Effective: | Inactive: |
| |
| CSU Transfer: | | Effective: | | Inactive: | |
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| UC Transfer: | | Effective: | | Inactive: | |
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| C-ID: |
Certificate/Major Applicable:
Certificate Applicable Course
COURSE CONTENT
Student Learning Outcomes:
At the conclusion of this course, the student should be able to:
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1. Explain basic tax law and terminology and how to apply it to file federal and state tax returns
2. Determine the best manner in which to file personal income taxes
Objectives:
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At the conclusion of this course, the student should be able to:
1. Determine the most beneficial filing status allowed for yourself or your client (taxpayer)
2. Distinguish between personal and dependency exemptions
3. Compute taxable and nontaxable income
4. Distinguish between earned and unearned income
5. Calculate the taxable portion of different types of retirement income & determine how to
report retirement income
6. Determine how to report unemployment compensation and social security benefits
7. Identify how taxable income and income tax are computed and reported
8. Determine if a taxpayer should itemize deductions and accurately report itemized deductions
on Schedule A
Topics and Scope
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I. Filing Basics
A. Determining who must file and who should file
B. Taxpayer identification numbers
II. Filing Status and Exemptions
A. Filing status
B. Personal exemptions
C. Dependency exemptions
III. Taxable Income
A. Wages
B. Business income
C. Retirement income
D. Unemployment compensation
E. Social Security benefits
F. Other income
IV. Computing Tax and Credits
A. Standard deduction and tax computation
B. Itemized deductions
C. Credit for child and dependent care expenses
D. Education credits
E. Child tax credit and credit for other dependents
F. Miscellaneous credits
V. Refundable Credits and Payments/Refund
A. Payments
B. Earned Income Credit (EIC)
C. Refund and amount of tax owed
Assignments:
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Assignments
1. Filing Status and Exemptions exercises (3-6)
2. Taxable Income exercises (4-7)
3. Computing Tax and Credits exercises (4-6)
4. Refundable Credits and Payments/Refund exercises (3-5)
Methods of Evaluation/Basis of Grade.
| Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing. | Writing
0 - 0% |
| None | |
| Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills. | Problem Solving
65 - 70% |
| Filing Status and Exemptions exercises, Taxable Income exercises, Computing Tax and Credits exercises, Refundable Credits and Payments/Refund exercises | |
| Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams. | Skill Demonstrations
0 - 0% |
| None | |
| Exams: All forms of formal testing, other than skill performance exams. | Exams
0 - 0% |
| None | |
| Other: Includes any assessment tools that do not logically fit into the above categories. | Other Category
30 - 35% |
| Attendance and participation | |
Representative Textbooks and Materials:
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Instructor prepared materials
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