anyone knows how TurboTax calcaulates effective tax rate?

the effective tax rate calculated by Turbo tax is a bit smaller than (total tax paid / AGI). How does TurboTax calculate the rate? thanks

 

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did you hit AMT? -海棠花儿- 给 海棠花儿 发送悄悄话 海棠花儿 的博客首页 (0 bytes) () 04/10/2012 postreply 17:17:27

sure, AMT every year. -pediatrician2- 给 pediatrician2 发送悄悄话 pediatrician2 的博客首页 (0 bytes) () 04/10/2012 postreply 19:49:53

s/b line 61 over line 37 -美西游子- 给 美西游子 发送悄悄话 美西游子 的博客首页 (49 bytes) () 04/10/2012 postreply 18:24:08

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