Explain the tax treatment for bad debt and net operating losses. Explain which assets are zakat able and which are non-zakat able and steps for calculating zakat on cash wealth.

ACCT-422 Week 3

2. Action Required:

Watch The Short Video In The Following Link:

https://turbotax.intuit.com/tax-tips/tax-deduction…

Explain the tax treatment for bad debt and net operating losses.

Explain which assets are zakat able and which are non-zakat able and steps for calculating zakat on cash wealth.