(4)FA. A study of Federal income tax law and of tax cases to provide a basis for an understanding and evaluation of that law and of the rate structure. Includes the implications of income taxation for business decisions. Emphasis on taxation of individuals with limited coverage of partnerships and corporations. For entry into this 300-level accounting course, students must have achieved at least a C in BUS 101, BUS 201, ACCT 203, ACCT 204.