Question
When multiplying "Taxable Income" by "Blended Tax Rate" with a calculator the Tax Liability does not match. Where is the extra fee coming from?
Example:
Taxable Income = $90,960
Blended Tax Rate = x 17.4%
Tax Liability = $15,855
Correct amount should be $15,827.04
Why is there a difference of $27.96?
Taxable Income = $90,960
Blended Tax Rate = x 17.4%
Tax Liability = $15,855
Correct amount should be $15,827.04
Why is there a difference of $27.96?
