answersLogoWhite

0

This would depend on how the words are used.

The federal income tax marginal tax rates (brackets) would be the percentage amount that is applied to each bracket amount of income for that filing status.

The bracket percentage amount go from -0- percent to the maximum 35% for the 2009 tax year income.

Taxes

Income tax liability would be the amount of taxes that is owed on your taxable income at your marginal tax rates after your income tax return is completed correctly for the year.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What is the difference in tax rates between k1 income and 1099 income?

The difference in tax rates between K-1 income and 1099 income is that K-1 income is typically taxed at the individual's personal tax rate, while 1099 income is subject to self-employment taxes in addition to income taxes.


Why is there such a wide difference between international postage rates depending on method of transportation?

Most of the price of international mail involve the taxes of moving across borders. The difference between prices are just the speed at which the mail is processed and moved.


The difference between direct taxs and indirect taxs and give examples of each?

The difference between direct taxes and indirect taxes with examples is that direct taxes come directly from a person's income or personal property taxes. Indirect taxes comes from sales and excise taxes.


What is the difference between mortality rates and death rates?

mortality rate - Death Rate


What are the key differences between business taxes and personal taxes?

The key differences between business taxes and personal taxes are the types of income taxed, deductions available, and tax rates applied. Business taxes are based on profits earned by a business, while personal taxes are based on an individual's income. Businesses can deduct expenses related to running the business, while individuals have deductions for things like mortgage interest and charitable contributions. Additionally, business tax rates are typically different from personal tax rates.


What is the difference between death tax and estate tax?

Inheritance taxes and estate taxes differ only in who pays and to whom the tax is paid. Learn the differences between inheritance and estate taxes.


Difference in the rates of development between boys and girls are most noticeable between ages?

9-16


What is the difference between income taxes and payroll tax?

Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.


What is the difference between gross payment and net payment?

Gross = Before TaxesNet= After Taxes


What is difference between company and non-company in direct taxes?

Company and non company


How do you calculate percentage difference in in rates?

To calculate the percentage difference between two rates, first determine the absolute difference between the two values by subtracting the smaller rate from the larger rate. Next, divide this absolute difference by the average of the two rates. Finally, multiply the result by 100 to convert it into a percentage. The formula can be expressed as: [ \text{Percentage Difference} = \left( \frac{|A - B|}{\frac{A + B}{2}} \right) \times 100 ] where A and B are the two rates being compared.


What is the difference between Income Tax and Provision of Income Tax?

Provision for income tax refers to the line item in the profit and loss statement. Income tax is a broad term and could mean current taxes (taxes actually payable to Government), Tax expenses/provision for tax- taxes reported in the P&L or deferred taxes (difference between current taxes and tax expense).