Instructor’scManualc–cMcGraw-Hill’scTaxation,cbycSpilkercetcal.
INSTRUCTOR’S MANUAL for McGraw- c c c
Hill’s Essentials of Federal Taxation 2024 Edition, 15th Edition By Brian
c c c c c c c c c c c
Spilker
©cMcGrawcHillcLLC.cAllcrightscreserved.cNocreproductioncorcdistributioncwithoutcthecpriorcwrittencconsentcofcMcGrawcHillcLL
C.
1-1
, Instructor’scManualc–cMcGraw-Hill’scTaxation,cbycSpilkercetcal.
Chapter 1 c c
An Introduction to Tax
c c c
INSTRUCTOR’S MANUAL c
Learning Objectives c
1-
1.c Demonstratechowctaxescinfluencecbasiccbusiness,cinvestment,cpersonal,candcpoliticalcdecisions.c1-
2.c Discusscwhatcconstitutescactaxcandcthecgeneralcobjectivescofctaxation.
1-
3.c Describecthecdifferentctaxcratecstructurescandccalculatecactax.c1-
4.c Identifycthecvariouscfederal,cstate,candclocalctaxes.
1-5.c Applycappropriateccriteriactocevaluatecalternatectaxcsystems.
Teaching Suggestions c
Thiscchaptercprovidescancoverviewcofcwhyctaxescarecimportant,cwhatcactaxcis,chowctoccalculatecactax,cvarious
ctaxcratescandctaxcratecstructures,cdifferentctypescofcfederal,cstate,candclocalctaxes,candchowctocevaluatecactaxcs
ystem.cOnecintentcofcthecchaptercisctocgetcstudentscthinkingcaboutcthecpervasivecinfluencecofctaxescandcthusc
whycitciscimportantcforcacbusinesscorcaccountingcstudentctocunderstandctaxes.cDiscussingchowctaxescaffectcde
cisionscthatctheycwillcfacec(buyingcachouse,cinvestingcforcretirement,cetc.)ciscanceffectivecwayctocpiquecstude
nts’cinterest.
Thiscchaptercalsocprovidescancopportunityctocmotivatecstudentscbycdiscussingcthecpoliticalcimportancecofctax
escandcthecdebatecovercalternativectaxcsystems.cThroughoutcmostcofcthecchapter,cyouccanctiecthecmaterialcdisc
ussedcbackctocthecdebatecovercalternativectaxcsystems.cThiscisceasilycdonecincthecsectionconcevaluatingcalterna
tivectaxcsystemscandcalternativectaxcratecstructurescbutcmaycalsocbecdonecforcothercpartscofcthectext.cForcexam
ple,cwhencdiscussingchowctoccalculatecactax,cyouccancpointcoutcthatconcecthectaxcbasecisccomputed,citciscveryce
asyctoccalculatecvirtuallycanyctax.cThecdifficultyciscincdeterminingcthectaxcbase.cThecimplicationcofcthiscunder
standingciscthatcthectaxcratecstructurec(e.g.,cprogressivecversuscproportional)chasclittleceffectconctaxccomplexit
y.
Incteachingcthiscchapter,cthectimecthatcyoucspendcincclasscwillcvarycbasedconchowcmuchcdiscussioncthatcyoucwa
ntctocincorporatecregardingcevaluatingctaxcsystemscandcimplicitctaxes.cMostcofcthecconceptscincthiscchaptercar
©cMcGrawcHillcLLC.cAllcrightscreserved.cNocreproductioncorcdistributioncwithoutcthecpriorcwrittencconsentcofcMcGrawcHillcLL
C.
1-2
, Instructor’scManualc–cMcGraw-Hill’scTaxation,cbycSpilkercetcal.
ecrelativelycstraightforward,candcthus,cthecchaptercprovidescstudentscwithcancintroductionctoctaxcwithoutcover
whelmingcthemconcthecfirstcdaycorcsocofcclass.cThisciscparticularlycimportantcifcyourcstudents
©cMcGrawcHillcLLC.cAllcrightscreserved.cNocreproductioncorcdistributioncwithoutcthecpriorcwrittencconsentcofcMcGrawcHillcLL
C.
1-3
, Instructor’scManualc–cMcGraw-Hill’scTaxation,cbycSpilkercetcal.
havecsomectrepidationcregardingctheircfirstctaxccourse.
Implicitctaxcisctypicallycacdifficultcconceptcforcstudentsctocunderstand.cThectextcprovidescacgoodcoverviewcofc
implicitctax.cIfcyoucplanctoccovercimplicitctaxcincsomecdetail,cyoucmightcalertcstudentscthatcthisciscacdifficultcc
onceptcandcthatctheycshouldcbeccarefulctocgetcfamiliarcwithcthiscdiscussioncincthectextcpriorctocclass.
©cMcGrawcHillcLLC.cAllcrightscreserved.cNocreproductioncorcdistributioncwithoutcthecpriorcwrittencconsentcofcMcGrawcHillcLL
C.
1-4
INSTRUCTOR’S MANUAL for McGraw- c c c
Hill’s Essentials of Federal Taxation 2024 Edition, 15th Edition By Brian
c c c c c c c c c c c
Spilker
©cMcGrawcHillcLLC.cAllcrightscreserved.cNocreproductioncorcdistributioncwithoutcthecpriorcwrittencconsentcofcMcGrawcHillcLL
C.
1-1
, Instructor’scManualc–cMcGraw-Hill’scTaxation,cbycSpilkercetcal.
Chapter 1 c c
An Introduction to Tax
c c c
INSTRUCTOR’S MANUAL c
Learning Objectives c
1-
1.c Demonstratechowctaxescinfluencecbasiccbusiness,cinvestment,cpersonal,candcpoliticalcdecisions.c1-
2.c Discusscwhatcconstitutescactaxcandcthecgeneralcobjectivescofctaxation.
1-
3.c Describecthecdifferentctaxcratecstructurescandccalculatecactax.c1-
4.c Identifycthecvariouscfederal,cstate,candclocalctaxes.
1-5.c Applycappropriateccriteriactocevaluatecalternatectaxcsystems.
Teaching Suggestions c
Thiscchaptercprovidescancoverviewcofcwhyctaxescarecimportant,cwhatcactaxcis,chowctoccalculatecactax,cvarious
ctaxcratescandctaxcratecstructures,cdifferentctypescofcfederal,cstate,candclocalctaxes,candchowctocevaluatecactaxcs
ystem.cOnecintentcofcthecchaptercisctocgetcstudentscthinkingcaboutcthecpervasivecinfluencecofctaxescandcthusc
whycitciscimportantcforcacbusinesscorcaccountingcstudentctocunderstandctaxes.cDiscussingchowctaxescaffectcde
cisionscthatctheycwillcfacec(buyingcachouse,cinvestingcforcretirement,cetc.)ciscanceffectivecwayctocpiquecstude
nts’cinterest.
Thiscchaptercalsocprovidescancopportunityctocmotivatecstudentscbycdiscussingcthecpoliticalcimportancecofctax
escandcthecdebatecovercalternativectaxcsystems.cThroughoutcmostcofcthecchapter,cyouccanctiecthecmaterialcdisc
ussedcbackctocthecdebatecovercalternativectaxcsystems.cThiscisceasilycdonecincthecsectionconcevaluatingcalterna
tivectaxcsystemscandcalternativectaxcratecstructurescbutcmaycalsocbecdonecforcothercpartscofcthectext.cForcexam
ple,cwhencdiscussingchowctoccalculatecactax,cyouccancpointcoutcthatconcecthectaxcbasecisccomputed,citciscveryce
asyctoccalculatecvirtuallycanyctax.cThecdifficultyciscincdeterminingcthectaxcbase.cThecimplicationcofcthiscunder
standingciscthatcthectaxcratecstructurec(e.g.,cprogressivecversuscproportional)chasclittleceffectconctaxccomplexit
y.
Incteachingcthiscchapter,cthectimecthatcyoucspendcincclasscwillcvarycbasedconchowcmuchcdiscussioncthatcyoucwa
ntctocincorporatecregardingcevaluatingctaxcsystemscandcimplicitctaxes.cMostcofcthecconceptscincthiscchaptercar
©cMcGrawcHillcLLC.cAllcrightscreserved.cNocreproductioncorcdistributioncwithoutcthecpriorcwrittencconsentcofcMcGrawcHillcLL
C.
1-2
, Instructor’scManualc–cMcGraw-Hill’scTaxation,cbycSpilkercetcal.
ecrelativelycstraightforward,candcthus,cthecchaptercprovidescstudentscwithcancintroductionctoctaxcwithoutcover
whelmingcthemconcthecfirstcdaycorcsocofcclass.cThisciscparticularlycimportantcifcyourcstudents
©cMcGrawcHillcLLC.cAllcrightscreserved.cNocreproductioncorcdistributioncwithoutcthecpriorcwrittencconsentcofcMcGrawcHillcLL
C.
1-3
, Instructor’scManualc–cMcGraw-Hill’scTaxation,cbycSpilkercetcal.
havecsomectrepidationcregardingctheircfirstctaxccourse.
Implicitctaxcisctypicallycacdifficultcconceptcforcstudentsctocunderstand.cThectextcprovidescacgoodcoverviewcofc
implicitctax.cIfcyoucplanctoccovercimplicitctaxcincsomecdetail,cyoucmightcalertcstudentscthatcthisciscacdifficultcc
onceptcandcthatctheycshouldcbeccarefulctocgetcfamiliarcwithcthiscdiscussioncincthectextcpriorctocclass.
©cMcGrawcHillcLLC.cAllcrightscreserved.cNocreproductioncorcdistributioncwithoutcthecpriorcwrittencconsentcofcMcGrawcHillcLL
C.
1-4
