Why is there a difference? b. Is Jayden’s approach permissible? Why or why not?

703 views
0

Jayden calculates his 2015 income tax by using both Tax Tables and the Tax Rate Schedules. Because the Tax Rate Schedules yeild a slightly lower tax liability, he plans to pay this amount.

  1. Why is there a difference?

b. Is Jayden’s approach permissible? Why or why not?

0

Answer

  1. Why is there a difference?

Answer:

One could find the  difference because the tax rates for a particular income range in the Tax Table is typically based on the midpoint amount.

 

 

  1. Is Jayden’s approach permissible? Why or why not?

Answer:

Jayden’s approach permissible  because the eligible taxpayers compute taxable income and he should determine their tax by reference to the Tax Table

Contact us today

Ask for our academic services

Copyright SmartStudyHelp 2016. All Rights Reserved