Question: 1. (30 points) Using the individual taxpayer section (starting on page file in Canvas titled Deloitte Tax Summary 2018, pick one item from the proposed

1. (30 points) Using the individual taxpayer section (starting on page file in Canvas titled "Deloitte Tax Summary 2018", pick one item from the proposed tax reform and discuss in 3 to 4 short paragraphs how you think it will help or be a detriment to the middle-class. Compare and contrast it to current tax policy.

What is the formula to calculate the gain or loss on a specific investment (hint, review Form 8949 or Schedule D or Form 4797 and instructions)?

Discuss why US provides the incentive of accelerated depreciation on assets.

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