ACCT 422 SEU Tax and Zakat Accounting Questions

User Generated

anymnuenav

Business Finance

Acct 422

Saudi electronic university

ACCT

Description

Unformatted Attachment Preview

College of Administrative and Financial Sciences Assignment 3 Deadline: Saturday 10/04/2021 @ 23:59 Course Name: Tax and Zakat Accounting Student’s Name: Course Code: ACCT 422 Student’s ID Number: Semester 2 CRN: Academic Year: 1441/1442 H For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. 1 Assignment Question(s): (5.0 Marks) Q1. Under US, income tax law deductions are Classifying into Deductions for and deductions from adjusted gross income. Discuss in detail the items of each kind. (2 marks) Q2. Explain the different concepts of income from accounting, economics and taxation perspectives (DO NOT copy from the slides). (1.5 marks). Q3. A taxpayer, who is single and age 44, received $60,000 of gross income and had $5,000 of deductions for AGI and $5,000 of itemized deductions. Required: find Sean’s taxable income. (1.5 marks) 2
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Hello. Please feel free to message me in case of any revisions or future projects. Thank you for your collaboration.

TAX AND ZAKAT ACCOUNTING

1

Tax and Zakat Accounting
Student’s Name
Institution affiliation

1

TAX AND ZAKAT ACCOUNTING
Tax and Zakat Accounting

2

Assignment Question(s): (5.0 Marks)
Q1. Under US income tax law, deductions are classified into deductions for and deductions
from adjusted gross income. Discuss in detail the i...


Anonymous
Really great stuff, couldn't ask for more.

Studypool
4.7
Indeed
4.5
Sitejabber
4.4

Related Tags