Income Tax (RECITATION FORMAT)

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

Decks in this class (12)

Ch.1 Introduction to Taxation
3 components that define taxation,
Taxation as a state power,
Taxation as a process
85  cards
Ch.2 Taxes, Tax Laws and Tax Administration
Explain to me,
Enumerate the types of taxation laws,
What are the sources of taxation ...
65  cards
Ch.3A Introduction to Income Tax
Why is income subject to tax,
Under the nirc the tax concept of...,
A taxable item of income is refer...
77  cards
Ch. 3B Situs Rules
Differentiate situs of income vs ...,
Where is the situs for interest i...,
Where is the situs for royalties
13  cards
Ch. 4 Income Tax Schemes, Accounting Periods, Methods, and Reporting
Enumerate the three income taxati...,
What does mutually exclusive cove...,
Enumerate the three classificatio...
68  cards
Ch. 5 Final Income Taxation
Enumerate the four features of fi...,
Explain the rationale of final in...,
Explain passive income
17  cards
Ch. 6 Capital Gains Taxation
What are the classification of ta...,
Can you define what ordinary asse...,
Define what a business is
67  cards
Ch. 7 Intro to Regular Income Tax
What are the characteristics of r...,
Describe what general in coverage...,
Explain net income taxation
52  cards
Ch. 8 RIT: Exclusions from Gross Income
Explain exclusions from gross income,
What part of the nirc does is sta...,
What are the items excluded from ...
51  cards
Ch. 9 RIT: Inclusion in Gross Income
Is a broad category pertaining to...,
What are the items of gross incom...,
Under current tax rules the term ...
54  cards
Ch. 13: Principles of Deductions
Explain what deductions from gros...,
What is a business,
In taxation business means what
61  cards
Ch.13-A: Ordinary Allowable Itemized Deductions
Items of expenses are classified ...,
What are the requisites on the de...,
How much is the deductible amount...
90  cards

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Income Tax (RECITATION FORMAT)

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