The funding for the United States government’s operations and its various programs occurs through the tax system. The history of the U.S. includes various levies, such as tariffs, custom duties and excise taxes, which were adopted to finance the government’s needs at the time, including war efforts. The 16th Amendment to the United States Constitution, which was ratified in 1913, authorized Congress to enact an income tax. Since that time the U.S. government and tax system have evolved to include different forms of taxes and programs enacted such as Social Security and Medicare that remain in place today. After completing this course, you should be able to:
Recognize the funding sources for the federal government.
Recognize an employer’s income and employment tax withholding and reporting requirements.
Recognize the consequences and penalties for non-compliance with requirements.
Identify whether internal controls are adequate to ensure compliance with tax withholding and reporting requirements.
Recognize the potential penalties and implications of willful evasion of employment tax requirements.
Program Level: Basic Prerequisites: None Advanced Preparation: None Instructional Method: This program is a QAS Self Study offering. Field of Study: Business Law
Registration Requirements: In order to purchase this program, you can add this course to your cart and continue with the purchase, or you may contact Sammie McComas at firstname.lastname@example.org or 1-866-412-5352.
Program Refund Policy: Your satisfaction is our first goal. All courses may be returned for a refund or exchange within 30 days of purchase provided the materials have not been used and the tests have not been taken. Shipping and handling charges are not refundable. For more information regarding administrative policies such as complaint and refund, please contact our offices at 1-866-412-5352.
Complaint Resolution Policy: All complaints will be handled in a timely and efficient manner to ensure the complete satisfaction of our students. For more information regarding administrative policies such as complaint and refund, please contact our offices at 1-866-412-5352.
CPE World is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org