Test Bank for South-Western Federal Taxation 2026: Comprehensive, 49th Edition by
Young, Persellin ALL 1-30 Chapters Covered With Questions And Verified Solutions
With Detailed Rationales And Case Study.
, TABLE OF CONTENT
1. Chapter 1. An Introduction to Taxation and Understanding the Federal Tax Law
2. 1-1. Approaching the Study of Taxation
3. 1-1a. What Is Taxation?
4. 1-1b. Taxation in Our Lives
5. 1-1c. The Relevance of Taxation to Accounting and Finance Professionals
6. 1-1d. How to Study Taxation
7. 1-2. Understanding the Federal Tax Law
8. 1-2a. Revenue Needs
9. 1-2b. Economic Considerations
10. 1-2c. Social Considerations
11. 1-2d. Equity Considerations
12. 1-2e. Political Influence
13. 1-2f. Influence of the Internal Revenue Service
14. 1-2g. Influence of the Courts
15. 1-2h. Summary
16. 1-3. A Brief History of U.S. Taxation
17. 1-3a. Early Periods
18. 1-3b. Revenue Acts
19. 1-3c. Trends
20. 1-4. Tax System Design
21. 1-4a. Legal Foundation
22. 1-4b. The Basic Tax Formula
23. 1-4c. Tax Principles
24. 1-5. Types of Taxes
25. 1-5a. Property Taxes
26. 1-5b. Transaction Taxes
27. 1-5c. Wealth Transfer Taxes
28. 1-5d. Income Taxes
29. 1-5e. Employment Taxes
,30. 1-5f. Other Current Taxes
31. 1-5g. Proposed U.S. Taxes
32. 1-6. Tax Administration
33. 1-6a. The Internal Revenue Service
34. 1-6b. The Audit Process
35. 1-6c. Statute of Limitations
36. 1-6d. Interest and Penalties
37. 1-6e. Tax Practice
38. Key Terms
39. Discussion Questions
40. Research Problems
41. Becker CPA Review Questions
42. Chapter 2. Working with the Tax Law
43. 2-1. Tax Law Sources
44. 2-1a. Statutory Sources of the Tax Law
45. 2-1b. Administrative Sources of the Tax Law
46. 2-1c. Judicial Sources of the Tax Law
47. 2-1d. Other Sources of the Tax Law
48. 2-2. Working with the Tax Law—Tax Research Tools
49. 2-2a. Commercial Tax Services
50. 2-2b. Using Commercial Tax Services
51. 2-2c. Using Noncommercial Tax Services
52. 2-3. Working with the Tax Law—Tax Research
53. 2-3a. Identifying the Problem
54. 2-3b. Refining the Problem
55. 2-3c. Locating the Appropriate Tax Law Sources
56. 2-3d. Assessing the Validity of Tax Law Sources
57. 2-3e. Arriving at the Solution or at Alternative Solutions
58. 2-3f. Communicating Tax Research
59. 2-3g. Use of Generative AI for Tax Research
60. 2-4. Working with the Tax Law—Tax Planning
, 61. 2-4a. Nontax Considerations
62. 2-4b. Components of Tax Planning
63. 2-4c. Tax Avoidance and Tax Evasion
64. 2-4d. Follow-Up Procedures
65. 2-4e. Tax Planning
66. 2-5. Taxation on the CPA Examination
67. 2-5a. The Redesigned CPA Exam
68. 2-5b. Taxation and Regulation Section (Core)
69. 2-5c. Tax Compliance and Planning Section (Discipline)
70. 2-5d. Preparation Blueprints
71. 2-5e. Foundational Competencies Framework for Aspiring CPAs
72. Key Terms
73. Discussion Questions
74. Problems
75. Research Problems
76. Chapter 3. Tax Formula and Tax Determination
77. 3-1. Tax Formula
78. 3-1a. The Impact of the Tax Cuts and Jobs Act of 2017 (TCJA) and the One Big Beautiful Bill
Act of 2025 (OBBBA)
79. 3-1b. Components of the Tax Formula
80. 3-1c. Tax Formula—Correlation with Form 1040
81. 3-2. Standard Deduction
82. 3-2a. Basic and Additional Standard Deduction
83. 3-2b. Individuals Not Eligible for the Standard Deduction
84. 3-2c. Special Limitations on the Standard Deduction for Dependents
85. 3-3. Exemptions
86. 3-4. Dependents
87. 3-4a. Qualifying Child
88. 3-4b. Qualifying Relative
89. 3-4c. Other Rules for Determining Dependents
90. 3-4d. Comparison of Dependent Categories
Young, Persellin ALL 1-30 Chapters Covered With Questions And Verified Solutions
With Detailed Rationales And Case Study.
, TABLE OF CONTENT
1. Chapter 1. An Introduction to Taxation and Understanding the Federal Tax Law
2. 1-1. Approaching the Study of Taxation
3. 1-1a. What Is Taxation?
4. 1-1b. Taxation in Our Lives
5. 1-1c. The Relevance of Taxation to Accounting and Finance Professionals
6. 1-1d. How to Study Taxation
7. 1-2. Understanding the Federal Tax Law
8. 1-2a. Revenue Needs
9. 1-2b. Economic Considerations
10. 1-2c. Social Considerations
11. 1-2d. Equity Considerations
12. 1-2e. Political Influence
13. 1-2f. Influence of the Internal Revenue Service
14. 1-2g. Influence of the Courts
15. 1-2h. Summary
16. 1-3. A Brief History of U.S. Taxation
17. 1-3a. Early Periods
18. 1-3b. Revenue Acts
19. 1-3c. Trends
20. 1-4. Tax System Design
21. 1-4a. Legal Foundation
22. 1-4b. The Basic Tax Formula
23. 1-4c. Tax Principles
24. 1-5. Types of Taxes
25. 1-5a. Property Taxes
26. 1-5b. Transaction Taxes
27. 1-5c. Wealth Transfer Taxes
28. 1-5d. Income Taxes
29. 1-5e. Employment Taxes
,30. 1-5f. Other Current Taxes
31. 1-5g. Proposed U.S. Taxes
32. 1-6. Tax Administration
33. 1-6a. The Internal Revenue Service
34. 1-6b. The Audit Process
35. 1-6c. Statute of Limitations
36. 1-6d. Interest and Penalties
37. 1-6e. Tax Practice
38. Key Terms
39. Discussion Questions
40. Research Problems
41. Becker CPA Review Questions
42. Chapter 2. Working with the Tax Law
43. 2-1. Tax Law Sources
44. 2-1a. Statutory Sources of the Tax Law
45. 2-1b. Administrative Sources of the Tax Law
46. 2-1c. Judicial Sources of the Tax Law
47. 2-1d. Other Sources of the Tax Law
48. 2-2. Working with the Tax Law—Tax Research Tools
49. 2-2a. Commercial Tax Services
50. 2-2b. Using Commercial Tax Services
51. 2-2c. Using Noncommercial Tax Services
52. 2-3. Working with the Tax Law—Tax Research
53. 2-3a. Identifying the Problem
54. 2-3b. Refining the Problem
55. 2-3c. Locating the Appropriate Tax Law Sources
56. 2-3d. Assessing the Validity of Tax Law Sources
57. 2-3e. Arriving at the Solution or at Alternative Solutions
58. 2-3f. Communicating Tax Research
59. 2-3g. Use of Generative AI for Tax Research
60. 2-4. Working with the Tax Law—Tax Planning
, 61. 2-4a. Nontax Considerations
62. 2-4b. Components of Tax Planning
63. 2-4c. Tax Avoidance and Tax Evasion
64. 2-4d. Follow-Up Procedures
65. 2-4e. Tax Planning
66. 2-5. Taxation on the CPA Examination
67. 2-5a. The Redesigned CPA Exam
68. 2-5b. Taxation and Regulation Section (Core)
69. 2-5c. Tax Compliance and Planning Section (Discipline)
70. 2-5d. Preparation Blueprints
71. 2-5e. Foundational Competencies Framework for Aspiring CPAs
72. Key Terms
73. Discussion Questions
74. Problems
75. Research Problems
76. Chapter 3. Tax Formula and Tax Determination
77. 3-1. Tax Formula
78. 3-1a. The Impact of the Tax Cuts and Jobs Act of 2017 (TCJA) and the One Big Beautiful Bill
Act of 2025 (OBBBA)
79. 3-1b. Components of the Tax Formula
80. 3-1c. Tax Formula—Correlation with Form 1040
81. 3-2. Standard Deduction
82. 3-2a. Basic and Additional Standard Deduction
83. 3-2b. Individuals Not Eligible for the Standard Deduction
84. 3-2c. Special Limitations on the Standard Deduction for Dependents
85. 3-3. Exemptions
86. 3-4. Dependents
87. 3-4a. Qualifying Child
88. 3-4b. Qualifying Relative
89. 3-4c. Other Rules for Determining Dependents
90. 3-4d. Comparison of Dependent Categories
