Jayden calculates his 2021 income tax by using both the Tax Tables and the Tax Rate Schedules.

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Jayden calculates his 2021 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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South-Western Federal Taxation 2022 Individual Income Taxes

ISBN: 9780357519073

45th Edition

Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman

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Question Posted: Jul 06, 2022 04:14 AM

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Jayden calculates his 2021 income tax by using both the Tax Tables and the Tax Rate Schedules.

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South-Western Federal Taxation 2022 Individual Income Taxes

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