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.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
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 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
What is the difference between a W2 and a W4 form?
The W$ form is your request for the withholding of taxes from pay. The W2 is a statement of wages paid and taxes withheld.
Is rates and taxes debit or credit?
It is debit on your accounts
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 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
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).
Difference between interbank market open market?
Inter bank rates are exchanged b/w banks.while open market rates are for public
What is the difference between a tax and a tariff?
Taxes are collected internally while tariffs are collected on imports.
What is the difference between a W2 and a W4 form?
The W$ form is your request for the withholding of taxes from pay. The W2 is a statement of wages paid and taxes withheld.
