Accounting Question

College of Administration and Finance Sciences
Assignment (1)
Deadline: Saturday, 23/11/2024 @ 23:59
Course Name: TAX AND ZAKAT
Student’s Name:
ACCOUNTING
Course Code: ACCT 422
Student’s ID Number:
Semester: First Semester
CRN:
Academic Year: 1446 H
For Instructor’s Use only
Instructor’s Name: Rabab Farrash
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
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The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
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Assignments submitted through email will not be accepted.
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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.
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Students must mention question number clearly in their answer.
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Late submission will NOT be accepted.
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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.
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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.
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Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Assignment Question(S):
(5 Questions Each 3 Marks With Total 15 Marks)
1. Explain filing status when determining the Amount of Tax.
Answer:
2. Discuss the concepts of accounting, economics, and tax of income
Answer:
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College of Administration and Finance Sciences
3. List five Items of Gross Income
Answer:
4. List five of Major Statutory exclusions from gross income
Answer:
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College of Administration and Finance Sciences
5. Discuss the timing of the allowable medical expense deduction.
Answer:
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