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5 Questions

Description

Instructions – PLEASE READ THEM CAREFULLY

The Assignment must be submitted on Blackboard (WORD format only) via
allocated folder.

Assignments submitted through email will not be accepted.

Students are advised to make their work clear and well presented, marks may
be reduced for poor presentation. This includes filling your information on
the cover page.

Students must mention question number clearly in their answer.

Late submission will NOT be accepted.

Avoid plagiarism, the work should be in your own words, copying from
students or other resources without proper referencing will result in ZERO
marks. No exceptions.

All answers must be typed using Times New Roman (size 12, double-spaced)
font. No pictures containing text will be accepted and will be considered
plagiarism.

Submissions without this cover page will NOT be accepted.

Assignment Question(S):
1. Explain filing status when determining the Amount of Tax.

Answer:

2. Discuss the concepts of accounting, economics, and tax of income
Answer:

3. List five Items of Gross Income
Answer:

4. List five of Major Statutory exclusions from gross income
Answer:

5. Discuss the timing of the allowable medical expense deduction.
Answer:

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