Marginal & Average Tax Rates - How to Calculate Tax Rates - Income Tax 2018 / 2019

Описание к видео Marginal & Average Tax Rates - How to Calculate Tax Rates - Income Tax 2018 / 2019

Federal income tax uses a progress tax system and that means we have multiple tax rates used to calculate the tax on each return. It is useful to simplify the tax rates in some ways when making projections or comparisons.
The average tax represents that average rate we are paying and is calculated as tax divided by taxable income.
The marginal tax rate is the highest tax rate we are paying. The marginal tax rate is useful for projections because it tells us how much we will pay on the next dollar we earn.
For more accounting information see accounting website.
Income Tax 2018 2019
http://accountinginstruction.info/

Комментарии

Информация по комментариям в разработке

Похожие видео