Tax – Individual
Week 5 Assignment
Complete the following exercises from your textbook:
Computational Exercises 16, 17, 20 and 21
Write a 3 page paper.
APA formatting is required, which includes a cover page, abstract, the actual paper, and a reference page. The cover page, abstract, and references do not count toward the three page requirement. Please provide two outside sources in your research. These are to be cited using the APA formatting guidelines. In this research paper, please address each of the following questions.
What is the Current Tax Payment Act of 1943
What war prompted the passing of this law? How did this law help finance the war?
Discuss the responsibilities the IRS has placed on a business in regards to payroll tax through this law?
Why do some say this places an extra burden on businesses?
How does this law benefit the country?
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