JeffreyR77
Expert Alumni

Get your taxes done using TurboTax

Tax liability is calculated based on various components only one of which may be the tax tables.  With the taxable income stated, not all of the income is necessarily taxed at a flat 24%. 

 

At the stated income level, you may be subject to additional Medicare tax or net investment income tax. 

 

Your tax liability could also be higher if your withholding was not high enough to avoid underpayment penalty.