 | An Introduction to Tax
Upon completing this chapter, you should be able to:
| LO 1-1 | Demonstrate how taxes influence basic business, investment,
personal, and political decisions.
| | LO 1-2 | Discuss what constitutes a tax and the general objectives
of taxes.
| | LO 1-3 | Describe the different tax rate structures and calculate a tax.
| | LO 1-4 | Identify the various federal, state, and local taxes.
| | LO 1-5 | Apply appropriate criteria to evaluate alternate tax systems.
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