ACCOUNTING C237
Western Governors University
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ACCOUNTING C237>C237 Taxation I Study Plan Competency 3026.1.1: Federal Taxation – Chapter 1
- Exam (elaborations) • 7 pages • 2023
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Students should be familiar with the following: 
 Describe the history of taxation in the United States. 
o Civil war 
o Reinstated in 1894 
o Ruled unconstitutional in 1895 (know why? – “direct tax and not apportioned to state 
population”) 
o 16th Amendment 
 Identify the sources of tax law. 
o Legislative – Internal Revenue Code, Tax Treaties, Congressional Reports. 
o Executive – Treasury Regulations (Final, Temporary, Proposed); Revenue Rulings, etc. 
o Judicial – Supreme ...
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FEDERAL TAXATION 18% (1-12) TOPIC 1: NATURE, PURPOSE, & SCOPE OF CURRENT US TAX SYSTEM CHAPTER 1 – INTRODUCTION TO TAX
- Exam (elaborations) • 43 pages • 2023
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CHAPTER 1 – INTRODUCTION TO TAX 
TAX: is a payment required by a government that is unrelated to any 
specific benefit or service received from the government. The general 
purpose of a tax is to fund the operations of the government (to raise 
revenue) 
TAX BASE: defines what is actually taxed and is usually expressed in 
monetary terms, whereas the tax rate determines the level of taxes 
imposed on the tax base and is usually expressed as a percentage. 
FLAT TAX: single tax applied to an ent...
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