Question
TurboTax got Total Tax $ 3,460.00 for my Taxable Income $12,581.00? This income is in the tax bracket 12%, it should be $1278, correct? Thanks
Adjusted Gross Income $ 29,084.00
Taxable Income $ 12,581.00
Total Tax $ 3,460.00
Total Payments/Credits $ 1,000.00
Payment Due $ 2,460.00
Penalty/Interest $ 69.00
Balance Due With Penalty/Interest $ 2,529.00
Effective Tax Rate -3.44%
