Solution Manual
McGraw-Hill's Taxation of Individuals 2024 Edition,
15th Edition by Spilker, Ayers, All Chapters 1 - 14
,
,TABLE OF CONTENTS
C C C
PartCI:CIntroductionCtoCTaxation
ChapterC1:CAnCIntroductionCtoCTax
ChapterC2:CTaxCCompliance,CtheCIRS,CandCTaxCAuthorities
ChapterC3:CTaxCPlanningCStrategiesCandCRelatedCLimitations
PartCII:CBasicCIndividualCTaxation
ChapterC4:CIndividualCIncomeCTaxCOverview,CDependents,CandCFilingCStatus
ChapterC5:CGrossCIncomeCandCExclusions
ChapterC6:CIndividualCDeductions
ChapterC7:CInvestments
ChapterC8:CIndividualCIncomeCTaxCComputationCandCTaxCCredits
PartCIII:CBusiness-RelatedCTransactions
ChapterC9:CBusinessCIncome,CDeductions,CandCAccountingCMethods
ChapterC10:CPropertyCAcquisitionCandCCostCRecovery
ChapterC11:CPropertyCDispositions
PartCIV:CSpecializedCTopics
ChapterC12:CCompensation
ChapterC13:CRetirementCSavingsCandCDeferredCCompensation
ChapterC14:CTaxCConsequencesCofCHomeCOwnership
, Chapter 1
C
An Introduction to Tax
C C C
Discussion Questions
C
(1) [LOC1]CJessica’sCfriendCZacharyConceCstatedCthatCheCcouldn’tCunderstandCwhy
someoneCwouldCtakeCaCtaxCcourse.CWhyCisCthisCaCratherCnaïveCview?
TaxesCareCaCpartCofCeverydayClifeCandChaveCaCfinancialCeffectConCmanyCofCtheCmajorC pe
rsonalCdecisionsCthatCindividualsCfaceC(e.g.,CinvestmentCdecisions,CevaluatingC alternati
veCjobCoffers,CsavingCforCeducationCexpenses,CgiftCorCestateCplanning,Cetc.).
(2) [LOC1]CWhatCareCsomeCaspectsCofCbusinessCthatCrequireCknowledgeCofCtaxation?C
WhatCareCsomeCaspectsCofCpersonalCfinanceCthatCrequireCknowledgeCofCtaxation?
TaxesCplayCanCimportantCroleCinCfundamentalCbusinessCdecisionsCsuchCasCtheC followin
g:
• WhatCorganizationalCformCshouldCaCbusinessCuse?
• WhereCshouldCtheCbusinessClocate?
• HowCshouldCbusinessCacquisitionsCbeCstructured?
• HowCshouldCtheCbusinessCcompensateCemployees?
• WhatCisCtheCappropriateCmixCofCdebtCandCequityCforCtheCbusiness?
• ShouldCtheCbusinessCrentCorCownCitsCequipmentCandCproperty?
• HowCshouldCtheCbusinessCdistributeCprofitsCtoCitsCowners?
OneCmustCconsiderCallCtransactionCcostsC(includingCtaxes)CtoCevaluateCtheCmeritsCofC aC
transaction.
CommonCpersonalCfinancialCdecisionsCthatCtaxesCinfluenceCinclude:CchoosingC investm
ents,CretirementCplanning,CchoosingCtoCrentCorCbuyCaChome,CevaluatingC alternativeCjob
Coffers,CsavingCforCeducationCexpenses,CandCdoingCgiftCorCestateC planning.
(3) [LOC1]CDescribeCsomeCwaysCinCwhichCtaxesCaffectCtheCpoliticalCprocessCinCtheC
UnitedCStates.
U.S.CpresidentialCcandidatesCoftenCdistinguishCthemselvesCfromCtheirCopponents
