ACCT 422 Saudi Electronic University Adjusted Gross Income in Business Questions


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College of Administration and Finance Sciences
Assignment (2)
Deadline: Saturday 30/07/2022 @ 23:59
Course Name: Tax and Zakat Accounting
Student’s Name:
Course Code: ACCT 422
Student’s ID Number:
Semester: summer
CRN: 50398
Academic Year: 1443 H
For Instructor’s Use only
Instructor’s Name: Rabab Farrash
Students’ Grade:
Level of Marks: High/Middle/Low
• The Assignment must be submitted on Blackboard (WORD format only) via allocated
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism.
• Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 10)
Q.1 What are the steps to assess and calculate alms on revenue from work (3 Marks )
Q.2 Explain The assessment and calculation steps to calculate alms on wealth in cash?
Q. 3 What is the Formula for Individual Income Tax, and what are the Itemized deduction
categories ? (4 Marks)

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