anyone knows how TurboTax calcaulates effective tax rate?

the effective tax rate calculated by Turbo tax is a bit smaller than (total tax paid / AGI). How does TurboTax calculate the rate? thanks

 

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did you hit AMT? -海棠花兒- 給 海棠花兒 發送悄悄話 海棠花兒 的博客首頁 (0 bytes) () 04/10/2012 postreply 17:17:27

sure, AMT every year. -pediatrician2- 給 pediatrician2 發送悄悄話 pediatrician2 的博客首頁 (0 bytes) () 04/10/2012 postreply 19:49:53

s/b line 61 over line 37 -美西遊子- 給 美西遊子 發送悄悄話 美西遊子 的博客首頁 (49 bytes) () 04/10/2012 postreply 18:24:08

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