Assignment 2: 

Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act was signed on December 22, 2017 and produced some of the most significant
impacts in tax law in over 30 years. In this assignment, you will use the Internet or the Strayer University
Online Library (https://research.strayer.edu) to research the tax reform changes brought about by the
Tax Cuts and Job Act, analyze the impact these changes have on individual tax payers, and identify
related tax planning strategies.

Write a three to five (3-5) page paper in which you:

1. Summarize the purpose of the Tax Cuts and Jobs Act and explain the main objective(s) for its
implementation.

2. Examine three significant changes brought forth by the Tax Cuts and Jobs Act and discuss at
least two advantages and/or disadvantages of each.

3. Analyze the impact that each of the three significant changes has on the taxpayer as an
individual and a family.

4. Recommend tax planning strategies to maximize tax savings based on the three significant
changes identified. Provide a rationale.

5. Use at least three quality academic resources in this assignment. Note: Wikipedia and similar
websites do not qualify as academic resources. Internet websites that include
a .gov or .org  extension qualify as quality academic resources. It is suggested that you use
Strayer University Online library, located at https://research.strayer.edu/. 

Your assignment must follow these formatting requirements:

 This course requires the use of new Strayer Writing Standards (SWS). Please take a moment to
review the SWS documentation for details.

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides;
citations and references must follow school-specific format. Check with your professor for any additional
instructions. Include a cover page containing the title of the assignment, the student’s name, the
professor’s name, the course title, and the date. The cover page and the reference page are not included
in the required assignment page length.

The specific course learning outcome associated with this assignment is:

 Analyze the impact of the Tax Cuts and Jobs Act on personal tax revenues, liabilities, deductions,
and exemptions.
 Points: 250 Assignment 2: Tax Cuts and Jobs Act
 
Meets      
Unacceptabl Minimum
Criteria
e Expectations Fair Proficient Exemplary

Below 60% F 60-69% D 70-79% C 80-89% B 90-100% A

1. Summarize Did not submit Insufficiently Partially Satisfactorily Thoroughly
the purpose of or incompletely summarized th summarized th summarized the summarized the
the Tax Cuts summarized the e purpose of e purpose of purpose of the purpose of the
and Jobs Act purpose of the the Tax Cuts the Tax Cuts Tax Cuts and Tax Cuts and
and explain the Tax Cuts and and Jobs Act and Jobs Act Jobs Act and Jobs Act and
main Jobs Act and and explained and explained explained the explained the
objective(s) for did not submit the main the main main main
its or incompletely objective(s) for objective(s) for objective(s) for objective(s) for
implementation explained the its its its its
. main implementation. implementation. implementation. implementation.
objective(s) for
  its
implementation.
Weight: 15%

 
2. Examine Did not submit Insufficiently Partially Satisfactorily Thoroughly
three significant or incompletely examined three examined three examined three examined three
changes examined three significant significant significant significant
brought forth by significant changes changes changes changes
the Tax Cuts changes brought forth by brought forth by brought forth by brought forth by
and Jobs brought forth by the Tax Cuts the Tax Cuts the Tax Cuts the Tax Cuts
Act and discuss the Tax Cuts and Jobs and Jobs and Jobs and Jobs
at least two and Jobs Act. Act and Act and Act and Act and
advantages Did not submit discussed at discussed at discussed at discussed at
and/or or incompletely least two least two least two least two
disadvantages discussed at advantages advantages advantages advantages
of each. least two and/or and/or and/or and/or
advantages disadvantages disadvantages disadvantages disadvantages
  and/or of each. of each. of each. of each.
disadvantages
of each.
Weight: 25%

 
3. Analyze the Did not submit Insufficiently Partially Satisfactorily Thoroughly
impact that or incompletely analyzed the analyzed the analyzed the analyzed the
each of the analyzed the impact that impact that impact that impact that
three significant impact that each of the each of the each of the each of the
changes has each of the three significant three significant three significant three significant
on the taxpayer three significant changes has on changes has on changes has on changes has on
as an individual changes has on the taxpayer as the taxpayer as the taxpayer as the taxpayer as
and a family. the taxpayer as an individual an individual an individual an individual
an individual and a family. and a family. and a family. and a family.
  and a family.

Weight: 25%

 
4. Recommend Did not submit Insufficiently Partially Satisfactorily Thoroughly
tax planning or incompletely recommended recommended recommended recommended
strategies to recommended the tax planning the tax planning the tax planning the tax planning
maximize tax tax planning strategies to strategies to strategies to strategies to
savings based strategies to maximize tax maximize tax maximize tax maximize tax
on the three maximize tax savings based savings based savings based savings based
significant savings based on the three on the three on the three on the three
changes on the three significant significant significant significant
 Points: 250 Assignment 2: Tax Cuts and Jobs Act
 
Meets      
Unacceptabl Minimum
Criteria
e Expectations Fair Proficient Exemplary

Below 60% F 60-69% D 70-79% C 80-89% B 90-100% A

identified. significant changes changes changes changes
Provide a changes identified. identified. identified. identified.
rationale. identified. Did Insufficiently Partially Satisfactorily Thoroughly
not submit or provided a provided a provided a provided a
  insufficiently rationale. rationale. rationale. rationale.
provided a
rationale.
Weight: 20%

 
5. Three No references Does not meet Does not meet Meets the Exceeds the
references provided. the required the required required required
provided. number of number of number of number of
references; all references; references; all references; all
  references are some references are references are
poor-quality references are high-quality high-quality
choices. poor-quality choices. choices.
Weight: 5% choices.
6. Clarity, More than 8 7–8 errors 5–6 errors 3–4 errors 0–2 errors
writing errors present. present. present. present. present.
mechanics, and
formatting
requirements

Weight: 10%