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

Decks in this class (14)

Chapter 1: Introduction
Marginal tax rate 1,
Average tax rate 2,
Effective tax rate 3
72  cards
Chapter 2: Determination Of Tax
Tax formula for individuals 1,
Income 2,
Exclusion 3
106  cards
Chapter 3: Gross Income: Inclusions
Gross income 1,
Economist definition of income 2,
Realization as per income for acc...
110  cards
Chapter 4: Exclusions From Gross Income
Loans 1,
Scholarships 2,
Source of income exclusions 3
68  cards
Chapter 5: Property Transactions
Realized gain or loss 1,
Property transfers potentially re...,
Return of capital 3
117  cards
Chapter 6: Deductions And Losses
Three general categories of deduc...,
Deductions for agi 2,
Deductions from agi 3
106  cards
Chapter 8: Itemized Deductions
Medical expenses 1,
Who counts as a qualified individ...,
Medical expenses for children of ...
117  cards
Chapter 7: Business Expenses and Deferred Compensation
What expenses go on schedule c 1,
What expenses go on schedule e 2,
What expenses go on schedule f 3
162  cards
Chapter 9: Losses And Bad Debts
Closed transaction doctrine 1,
Losses on property used partially...,
Calculating loss on sale or excha...
125  cards
Chapter 10: Depreciation and Cost Recovery
Depreciation rules for property p...,
Depreciation rules for property p...,
Depreciation rules for property p...
86  cards
Chapter 11: Accounting Periods And Methods
How does the choice of accounting...,
Accounting period for taxpayers w...,
When does a business choose a tax...
99  cards
Chapter 12: Nontaxable Exchanges Of Property
Most common transactions that res...,
Section 1031 a 2,
Is nonrecognition of gain or loss...
77  cards
Chapter 13: Property Transactions Sec 1231 And Recapture
Section 1231 property 1,
Net sec 1231 gains 2,
Net sec 1231 losses 3
69  cards
Chapter 14: AMT, SE Tax, Tax Credits, Tax Payments
Purpose of alternative minimum tax 1,
Who does the alternative minimum ...,
Alternative minimum taxable income 3
114  cards

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Survey Of Taxation

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