It is difficult to determine this without knowing the specifics of your return. You can easily check this out since you have the Home and Business Version of Turbo Tax.
- Go to the Forms Mode of your Program
- Find your 1040, then select it.
- Go to lines 15 and 16 on your 1040
- Divide Line 16 by line 15. This will indicate your tax rate based on your reportable income and should answer your question.
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