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- Why does effective tax rate include the self-employment tax in the Tax Summary? How can I exclude it?
Why does effective tax rate include the self-employment tax in the Tax Summary? How can I exclude it?
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eva@evaholmcpa.
Level 1
04-14-2023
02:06 PM
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George4Tacks
Level 15
04-15-2023
02:54 PM
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Effective rate is total tax divided by taxable income. Sort of like an average showing how far you have creeped up the marginal rate toward the next and adds in things like SE Tax and various credits.
You have no control in modifying this summary.
Answers are easy. Questions are hard!
