Jayden calculates his 2015 income tax by using both the Tax Tables and the Tax Rate Schedules.

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Jayden calculates his 2015 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? Why or why not?

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South Western Federal Taxation 2016 Individual Income Taxes

ISBN: 9781305393301

39th Edition

Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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