1. 2 INVESTMENT & PERSONAL FINANCIAL PLANNING (1 of 2) Business vs. investment activities Investments in financial assets Interest income Tax deferral:
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Irwin/McGraw-Hill ©The McGraw-Hill Companies, Inc., 2000 Principles of Taxation Chapter 15 Investment and Personal Financial Planning.
The Individual Tax Model. Taxable Income Computation Taxable Income Computation Calculate gross income totaling Line 22 on 1040 – based on filing status.
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Chapter
Chapter 14 The Individual Tax Model. Filing Status - Married If married on the last day of the year: status must be either Married filing joint or Married.
The Individual Tax Model
