The Accounting Review Vol. 54 No. 4 1979
Income Tax Liability: A Classroom Approach.
Abstract
Once a taxpayer's taxable income has been determined there are three possible methods of determining income tax liability: (1) the regular method using the appropriate tax schedule, (2) income averaging, and (3) maximum tax. This paper presents a method of explaining these methods by means of tax layers which greatly facilitates student comprehension. A notational method is also suggested which facilitates testing of these concepts. Demonstration of the source of tax savings also facilitates student comprehension.
- DOI
- 10.2308/tar-4503717
- Volume
- 54
- Issue
- 4
- Pages
- 791-793
- Language
- en
- Sources
- crossref openalex