This course covers the annual accounting period for which income is determined. There are several methods of accounting that are reviewed, primarily the cash basis and the accrual basis. Also covered is the installment method of reporting income. The next section of the course looks at deductible IRAs, nondeductible IRAs, and Roth IRAs, discussing contribution limits, distributions, rollovers, and IRA penalty provisions. Also discussed are SEPs, SIMPLE plans, and other qualified self-employment plans. Covered next are methods of collecting taxes, including withholding from wages and estimated tax payments. The last special circumstance examined is the domestic service employment tax, known as the nanny tax. This course covers generally applicable tax knowledge for your personal and professional development. Any time spent completing this course is personal to you, is not part of your job duties and, as such, will not be compensated.
Final Exam > Results Page
final exam score:
final exam status:
100%
