Overview
Assignment (2)
Deadline: 19 /4/2025 @ 23:59
| Course Name: TAX AND ZAKAT ACCOUNTING | Student’s Name: |
| Course Code: ACCT 422 | Student’s ID Number: |
| Semester: Second Semester | CRN: 14245 |
| Academic Year: 1446 H |
For Instructor’s Use only
| Instructor’s Name: Dr. Salah Oraby | |
| Students’ Grade: /15 | Level of Marks: High/Middle/Low |
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):(Marks 15)
1. Explain the Formula for Calculating the US Income Tax for Individuals with Numerical Example
Answer:
Student’s answers vary
2. Explain the Differences between Itemized and Standard Deductions
Answer:
3. Under US Income Tax Law Deductions Are Classified Into Deductions For Adjusted Gross Income AGI And Deductions From Adjusted Gross Incoming. Give Examples For the Two Types Of Deductions.
Answer: