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Level 1
April 15, 2022
Question

Is anyone seeing an issue with the effective rate being incorrect on the Federal Income Tax Summary?

  • April 15, 2022
  • 1 reply
  • 6 views
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1 reply

George4Tacks
Level 15
April 18, 2022

Total tax divided by Taxable Income = Effective tax rate. (not a tax table rate, just a number that sort of represents and average tax rate)

Marginal tax rate = Bracket that taxable income is in. 

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