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AC 309 Individual Income Tax
Walizer, Mary Ann L.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

AC 309 Individual Income Tax

Semester

F2GG 2006 MI

Faculty

Walizer, Mary Ann L.

Title

Adjunct Faculty

Degrees/Certificates

M.A. Education
M.S. HRMD

Office Location

Minot Nd online

Daytime Phone

701 838-1664

E-Mail

mary.walizer@pirate.park.edu

walizer@minot.com

Semester Dates

10/23/2006 - 12/17/2006

Class Days

------S

Class Time

8:00 - 1:20 PM

Credit Hours

3


Textbook:
Hoffman, Smith, and Willis,   Individual Income Taxes, Thomson-South-Western  2007
ISBN  0-324-39961-8



Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Additional Resources:
Internal Revenue Code, IRS Regulations, Revenue Rulings, Revenue Procedures, and Letter Rulings, Tax Court Memos, Principles of Accounting text

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
A study of the current Federal Income Tax law with emphasis on its application to individuals as part of a cooperative effort with the Internal Revenue Service. PREREQUISITES: AC201  and  CS140 3:0:3

Educational Philosophy:

Learning Outcomes:
  Core Learning Outcomes

  1. Prepare Federal, state and city income tax returns for clients.
  2. Treat clients in a respectful and professional manner.
  3. Prepare working papers and schedules to support income tax returns.
  4. Use computer software to plan and report tax information.
  5. Organize and compile client-prepared data.
  6. Pass a written comprehensive examination on individual income tax law.


Core Assessment:
The test examines each learning outcome with 20 questions. Eighteen multiple-choice questions will be based upon a distribution of critical thinking concepts applied to a learning outcome. Two questions will examine a communication/writing component. Each question will be weighted as 5 points. 

Link to Class Rubric

Class Assessment:

            Chapter Reviews                     80%

            Midterm & Final Exam             20%
The final exam is a closed notes and closed book exam with the emphasis on problem solving. Students must achieve a grade of 60% or better on the final exam to pass the course. A grade of less than 60% will result in a failing grade for the course. A grade of 60% or better will be averaged in with the other grades in the course to determine the final course grade. Failure to take a final proctored exam will result in an automatic "F" grade.

Grading:

Grading Policy

   You will be able to track your average grade virtually throughout this course. The grading scale follows:

 

        A = 90-100

        B = 80-89

        C = 70-79

        D = 60-69

Late Submission of Course Materials:

Classroom Rules of Conduct:

Course Topic/Dates/Assignments:

Week 1  Because of the intense amount of material that is available in this text, I have outlined the assignments as follows:

 

            Chapters 1-2

           

            Chapter 1 Discussion Questions  p 1-23

                        # 1-2-3-4-10-13-18-24-27-37-39-44-49 (Please submit these questions by Word doc for my review.

            Chapter 2  Discussion Questions p 2-40 

                        # 1-10  (one through 10)

                        Problems p. 2-43

                        # 44

                        Research p. 2-48

                        Research Problem # 14  (c)   only  A collection of tax rules for your state.

 

Week 2  Chapters 3-4

 

            Chapter 3  Discussion Questions p 3-38

                        # 1-3-6-8-21-2-31

                        Problems 3-42

                        # 34

                       

            Chapter 4  Discussion Questions 4-38

                        # 1-7-11-19-26

                        Problems 4-41

                        # 26-39 

 

Week 3 Chapters 5-6

 

            Chapter 5  Discussion Questions p 5-35

            # 1-5-8-20-22-27

            Problems 5-37

            # 28

 

            Chapter 6  Discussion Questions  p 6-31

            # 1-4-11-17-27-29

            Problems 6-34

            # 33

 

Week 4  Chapters 7-8

 

            This is midterm and there is an open textbook exam that will be provided this week.

           

            Chapter 7  Discussion Questions  7-27

            #1-7-20-21-24-31

            Problems  7-29

            # 32-36-46

 

            Chapter 8  Discussion Questions  8-33

            # 4-5-17-22-24

            Problems  8-35

            # 36-39-46

 

Midterm Exam

           

Week 5  Chapters 9-10

           

            Chapter 9  Discussion Questions 9-31

            # 2-4-5-12-28

            Problem 9-35

            # 36-38-47

 

            Chapter 10  Discussion Questions  10-36

            # 4-12-18-23

            Problem  10-38

            # 24-28

 

Week 6  Chapters 11-12

 

            Chapter 11 Discussion Questions  11-26

            # 1-2-9-18-22-30-31

            Problems  11-28

            # 35-41-46-56

 

            Chapter 12  Discussion Questions 12-32

            # 5-10-13-26-30

            Problems   12-34

            # 32-36-39-55

           

 

Week 7  Chapters 13-14

 

            Chapter 13 Discussion Questions   p 13-43

            #1-5-10-19-22-27

            Problems  13-45

            # 29-33-37-48

 

            Chapter 14  Discussion Questions  p 14-14-27

            # 4-8-14-21-23-28

            Problems 14-29

            # 38-41-48-53

 

Week 8  Chapters 15-16  You have made it!!

 

            Chapter 15  Discussion Questions  15-26

            # 7-8-23-25

            Problems  15-29

            # 31-33-40

 

            Chapter 16  Discussion Questions 16-34

            # 1-2-3-8

            Problems  16-35

            #10-14-18

 

Final Exam-It will need to be proctored by the Minot Park Center

 

Good luck

 

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2006-2007 Undergraduate Catalog Page 87-89

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2006-2007 Undergraduate Catalog Page 87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "W".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2006-2007 Undergraduate Catalog Page 89-90

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Additional Information:
j



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Evaluate and define accounting concepts identified by:                                                                                                                                                                                                     
Outcomes
2,3,4,5,6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Evaluate and define the financial transaction(s) in order to record, adjust or correct per the Internal Revenue Service Code
Q1, Q4, Q8, Q12, Q15
100-80 %
 
Evaluate and define the financial transaction(s) in order to record, adjust or correct per the Internal Revenue Service Code
Q1, Q4, Q8, Q12, Q15
60-79%
 
Evaluate and define the financial transaction(s) in order to record, adjust or correct per the Internal Revenue Service Code
Q1, Q4, Q8, Q12, Q15
50-59%
 
Evaluate and define the financial transaction(s) in order to record, adjust or correct per the Internal Revenue Service Code
Q1, Q4, Q8, Q12, Q15
Less than 50%
 
Synthesize data to produce a logical flow of informational reporting  per established accounting rules and standards,Synthesis                                                                                                                             
Outcomes
2,3,4,5,6,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
Assemble the correct and ethical tax treatment for given transactions in order to prepare accurate tax returns per the Internal Revenue Service Code
Q3, Q6, Q7, Q11, Q14
100-80 %
Assemble the correct and ethical tax treatment for given transactions in order to prepare accurate tax returns per the Internal Revenue Service Code
Q3, Q6, Q7, Q11, Q14
60-79%
Assemble the correct and ethical tax treatment for given transactions in order to prepare accurate tax returns per the Internal Revenue Service Code
Q3, Q6, Q7, Q11, Q14
50-59%
Assemble the correct and ethical tax treatment for given transactions in order to prepare accurate tax returns per the Internal Revenue Service Code
Q3, Q6, Q7, Q11, Q14
Less than 50%
Analysis,Analysis of transactional data                                                                                                                                                                                                                    
Outcomes
,2,3,4,5,6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
,Analyze financial transactions recorded in the book of original entry and adjust, record or post to prepare accurate tax returns per the Internal Revenue Service Code
Q2, Q5, Q9, Q10, Q13
100-80 %
 
,Analyze financial transactions recorded in the book of original entry and adjust, record or post to prepare accurate tax returns per the Internal Revenue Service Code
Q2, Q5, Q9, Q10, Q13
60-79%
 
,Analyze financial transactions recorded in the book of original entry and adjust, record or post to prepare accurate tax returns per the Internal Revenue Service Code
Q2, Q5, Q9, Q10, Q13
50-59%
 
,Analyze financial transactions recorded in the book of original entry and adjust, record or post to prepare accurate tax returns per the Internal Revenue Service Code
Q2, Q5, Q9, Q10, Q13
Less than 50%
 
Application of established rules and logic per regulatory and commercial standards,Evaluation                                                                                                                                                              
Outcomes
1,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Demonstrate and interpret financial data for preparing
individual income tax returns in order to comply with the Internal Revenue Service Code
Q16, Q17, Q18
100-80 %
Demonstrate and interpret financial data for preparing individual income tax returns in order to comply with the Internal Revenue Service Code
Q16, Q17, Q18
60-79%
Demonstrate and interpret financial data for preparing individual income tax returns in order to comply with the Internal Revenue Service Code
Q16, Q17, Q18
50-59%
Demonstrate and interpret financial data for preparing individual income tax returns in order to comply with the Internal Revenue Service Code
Q16, Q17, Q18
Less than 50%
Terminology,Content of Communication written essay                                                                                                                                                                                                         
Outcomes
,1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
,Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to
preparing individual income tax returns
Question 20
100-80 %
 
,Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to preparing individual income tax returns
Question 20
60-79%
 
,Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to preparing individual income tax returns
Question 20
50-59%
 
,Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to preparing individual income tax returns
Question 20
Less than 50%
 
Technical Skill in Communicating written essay,Concepts                                                                                                                                                                                                    
Outcomes
4,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Demonstrate the knowledge and skill to evaluate, apply and discuss tax solutions
Question 19
100-80 %
Demonstrate the knowledge and skill to evaluate, apply and discuss tax solutions
Question 19
60-79%
Demonstrate the knowledge and skill to evaluate, apply and discuss tax solutions
Question 19
50-59%
Demonstrate the knowledge and skill to evaluate, apply and discuss tax solutions
Question 19
Less than 50%
Application,First Literacy Technical knowledge and application                                                                                                                                                                                             
Outcomes
,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
,Student will demonstrate a knowledge of individual taxation within the scope of AC 309 to assist them in performing their job functions or enhancing their accounting and tax knowledge
Overall Score
100-80 %
 
,Student will demonstrate a knowledge of individual taxation within the scope of AC 309 to assist them in performing their job functions or enhancing their accounting and tax knowledge
Overall Score
60-79%
 
,Student will demonstrate a knowledge of individual taxation within the scope of AC 309 to assist them in performing their job functions or enhancing their accounting and tax knowledge
Overall Score
50-59%
 
,Student will demonstrate a knowledge of individual taxation within the scope of AC 309 to assist them in performing their job functions or enhancing their accounting and tax knowledge
Overall Score
Less than 50%
 
Second Literacy Transcendence of applied learning,Whole Artifact                                                                                                                                                                                           
Outcomes
,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Student will demonstrate a knowledge of individual taxation to be successful citizens, employees or world leaders as they better understand the economic/ monetary drivers of the contemporary world we live in
Overall Score
100-80 %
Student will demonstrate a knowledge of individual taxation to be successful citizens, employees or world leaders as they better understand the economic/ monetary drivers of the contemporary world we live in
Overall Score
60-79%
Student will demonstrate a knowledge of individual taxation to be successful citizens, employees or world leaders as they better understand the economic/ monetary drivers of the contemporary world we live in
Overall Score
50-59%
Student will demonstrate a knowledge of individual taxation to be successful citizens, employees or world leaders as they better understand the economic/ monetary drivers of the contemporary world we live in
Overall Score
Less than 50%
Component                                                                                                                                                                                                                                                  
Outcomes
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
    

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Last Updated:10/25/2006 10:31:05 PM