Business Finance Homework Help

1. types of tax rate structure the u.s. tax system apply. page 5 of 6 

2. taxable income and how it is determined. 

3. ways in which the applicable tax rate is determined. 

4. tax liability, including how it is calculated using both the tax rate formula and the tax table. 

5. example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of $55,000, filing status married filing jointly. 

6. discussion of marginal tax rate.