Answered step by step
Verified Expert Solution
Question
1 Approved Answer
make 1 or 2 questions related to this formula. also, make a questions a question relate to Qualifying child dependent or Qualifying relative dependent The
make 1 or 2 questions related to this formula.
also, make a questions a question relate to "Qualifying child dependent" or "Qualifying relative dependent"
The questions put forward must be related to daily life or anything and have certain discussion value, at least 15 words per question. Thumbs up for accurate answers.
Determination of California Personal Income Tax Liabilities Step 1 Step 2 Step 3 Step 4 Income from all sources Federal AGI California taxable income Total California tax liability before the AMT Exclusions State tax rate Federally taxable income exempt from state tax AMT (where applicable) Gross income California tax liability before credits State taxable income exempt from federal tax Final tax liability Adjustments Tax credits (including the personal and dependency exemptions) California AGI Federal Adjusted Gross Income (AGI) The greater of the California standard deduction or itemized deductions Total California tax liability before the alternative minimum tax (AMT) California taxable incomeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started