| 12.5% |
Identify and apply the tax formulas and filing requirements for individual taxpayers. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 12.5% |
Identify the components of gross income and items that are included/excluded in/from gross income. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 12.5% |
Recognize deductions and losses that taxpayers may claim in the calculation of taxable income. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 12.5% |
Recognize and include deductions that are classified as itemized deductions. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 12.5% |
Identify and calculate losses and bad debts included in the calculation of taxable income. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 12.5% |
Identify and include employee expenses that are allowed in the calculation of taxable income. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 12.5% |
Calculate and apply depreciation and cost recovery related to taxation. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 12.5% |
Demonstrate proficiency in the use of Turbo Tax software in preparing tax returns. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
