Learning Objectives Calculate the alternative minimum Tax Describe what constitutes self employment income and compute the self employment tax Describe the various business and personal tax credits Understand the mechanics of the federal withholding tax system and the requirements for making estimated paymentsLearning Objectives • Calculate the Alternative Minimum Tax • Describe what constitutes self￾employment income and compute the self￾employment tax • Describe the various business and personal tax credits • Understand the mechanics of the federal withholding tax system and the requirements for making estimated payments