Friday, 16 December 2011
Federal Tax Is Calculated Based On The Formulas
How is Federal Tax Calculated Federal Tax is calculated based on the formulas set up by the Internal Revenue Service, carrying out the laws enacted by the United States Congress and signed by the President. Schedule C Instructions for Filing For each taxpayer, the calculation is made by filing a Form 1040 for U.S. taxpayers. The forms come in a simplified 1040-EZ format, up to the most sophisticated formats of 1040’s that also require the calculation of alternative minimum tax in place of the
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