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by rpatrickjr
Thu Mar 08, 2018 6:57 pm
Forum: General questions and comments
Topic: Question on income tax rate?
Replies: 7
Views: 9300

Re: Question on income tax rate?

When you say "For the income tax rate, use your average combined federal/state tax rate", an example would be helpful. I would think you would sum the federal and state percents as in: If Frate=Federal Tax/Federal Taxable income and Srate=State Tax/State Taxable income then use Frate+Srate. I think ...