2|Page
, TABLE OF CONTENTS
Part I: Introduction to Taxation
CHAPTER 1: An Introduction to Tax
CHAPTER 2: Tax Compliance, the IRS, and Tax
Authorities CHAPTER 3: Tax Planning Strategies and
Related Limitations
Part II: Individual Taxation
CHAPTER 4: ndividual Income Tax Overview, Dependents, and Filing Status
CHAPTER 5: Gross Income and Exclusions
CHAPTER 6: Individual For AGI
Deductions CHAPTER 7: Individual
From AGI Deductions
CHAPTER 8: Individual Income Tax Computation and Tax Credits
Part III: Business-Related Transactions
CHAPTER 9: Business Income, Deductions, and Accounting Methods
CHAPTER 10: Property Acquisition and Cost Recovery
CHAPTER 11: Property Dispositions
Part IV: Entity Overview and Taxation of C Corporations
CHAPTER 12: Business Entities Overview
3|Page
,CHAPTER 13: Corporate Formations and Operations
CHAPTER 14: Corporate Nonliquidating and Liquidating Distributions
Part V: Taxation of Flow-Through Entities
CHAPTER 15: Forming and Operating Partnerships
CHAPTER 16: Dispositions of Partnership Interests and Partnership
Distributions CHAPTER 17: S Corporations
4|Page
, CHAPTER 1: An Introduction to Tax answers at the end
of every chapters
Student name:
1) The following are a series of tables that may be referred to in several
questions throughout your test. Please refer to these tables as needed or as
directed. 2023 Tax Rate Schedules Individuals Schedule X-Single
If taxable income is But not The tax is:
over: over:
$0 $ 9,950 10% of taxable income
$ 9,950 $ 40,525 $995 plus 12% of the excess over
$9,950
$ 40,525 $ 86,375 $4,664 plus 22% of the excess over
$40,525
$ 86,375 $ 164,925 $14,751 plus 24% of the excess over
$86,375
$ 164,925 $ 209,425 $33,603 plus 32% of the excess over
$164,925
$ 209,425 $ 523,600 $47,843 plus 35% of the excess over
$209,425
$ 523,600 — $157,804.25 plus 37% of the excess
over $523,600
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
5|Page
, TABLE OF CONTENTS
Part I: Introduction to Taxation
CHAPTER 1: An Introduction to Tax
CHAPTER 2: Tax Compliance, the IRS, and Tax
Authorities CHAPTER 3: Tax Planning Strategies and
Related Limitations
Part II: Individual Taxation
CHAPTER 4: ndividual Income Tax Overview, Dependents, and Filing Status
CHAPTER 5: Gross Income and Exclusions
CHAPTER 6: Individual For AGI
Deductions CHAPTER 7: Individual
From AGI Deductions
CHAPTER 8: Individual Income Tax Computation and Tax Credits
Part III: Business-Related Transactions
CHAPTER 9: Business Income, Deductions, and Accounting Methods
CHAPTER 10: Property Acquisition and Cost Recovery
CHAPTER 11: Property Dispositions
Part IV: Entity Overview and Taxation of C Corporations
CHAPTER 12: Business Entities Overview
3|Page
,CHAPTER 13: Corporate Formations and Operations
CHAPTER 14: Corporate Nonliquidating and Liquidating Distributions
Part V: Taxation of Flow-Through Entities
CHAPTER 15: Forming and Operating Partnerships
CHAPTER 16: Dispositions of Partnership Interests and Partnership
Distributions CHAPTER 17: S Corporations
4|Page
, CHAPTER 1: An Introduction to Tax answers at the end
of every chapters
Student name:
1) The following are a series of tables that may be referred to in several
questions throughout your test. Please refer to these tables as needed or as
directed. 2023 Tax Rate Schedules Individuals Schedule X-Single
If taxable income is But not The tax is:
over: over:
$0 $ 9,950 10% of taxable income
$ 9,950 $ 40,525 $995 plus 12% of the excess over
$9,950
$ 40,525 $ 86,375 $4,664 plus 22% of the excess over
$40,525
$ 86,375 $ 164,925 $14,751 plus 24% of the excess over
$86,375
$ 164,925 $ 209,425 $33,603 plus 32% of the excess over
$164,925
$ 209,425 $ 523,600 $47,843 plus 35% of the excess over
$209,425
$ 523,600 — $157,804.25 plus 37% of the excess
over $523,600
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
5|Page
