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- Is anyone seeing an issue with the effective rate being incorrect on the Federal Income Tax Summary?
Is anyone seeing an issue with the effective rate being incorrect on the Federal Income Tax Summary?
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marylou-e2ekc-c
Level 1
04-15-2022
11:02 AM
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1 Comment 1
George4Tacks
Level 15
04-18-2022
10:10 AM
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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.
Here's wishing you many Happy Returns
