26-02-2019
Business

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how to calculate tax liability

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ariannataylor118 ariannataylor118

26-02-2019

Step 1 – Determine Gross Taxable Income

Step 2 – Calculate Adjusted Gross Income

Step 3 – Subtract Deductions

Step 4 – Subtract Exemptions

Step 5 – Calculate Tax Liability and Subtract Credits

Step 6 – Determine Taxes Owed or Refund Due

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