Jayden calculates his 2016 income tax by using both the Tax Tables and the Tax Rate Schedules.

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Jayden calculates his 2016 income tax by using both the Tax Tables and the Tax Rate Schedules. Because the Tax Rate Schedules yield a slightly lower tax liability, he plans to pay this amount.
a. Why is there a difference?
b. Is Jayden's approach permissible? Why or why not?
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Related Book For  answer-question

South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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