Fundamentals of taxation : individuals and business entities : a practical approach

"This book focuses on the income taxation of individuals. Most income tax laws that apply to individuals apply in the same manner to entities such as corporations, partnerships, and trusts. So, this book is a survey of the fundamentals of income taxation that applies to all taxpayers, but we present these foundational rules in the context of an individual taxpayer. You may recall when you received your first paycheck and were disappointed to learn there was a major difference in your gross pay and your take-home pay. You may have realized that most of this difference was for taxes that you owed, but likely did not understand why you had to pay these. You also realized it would be more difficult to meet your financial goals, such as paying your rent or saving for college. We review the taxes that are withheld from your paycheck, as well as other taxes, in LO7, Other Taxes Paid by Individuals."