LO.6 Jayden calculates his 2012 income tax by using both the Tax Tables and the Tax Rate
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LO.6 Jayden calculates his 2012 income tax by using both the Tax Tables and the Tax Rate Schedules. Because the Tax Rate Schedules yield a slightly lower tax liability, he plans to pay this amount.
a. Why is there a difference?
b. Is Jayden’s approach permissible?
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Related Book For
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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