How about if my AGI is 85,762, and my "total tax" is 6,077. Why is TT calculating my Effective Tax Rate to be 0.79%? That's clearly way off. Shouldn't it just be 6,077 divided by 85,762, coming out to 7.09%, rather than 0.79% as shown on the front, summary page?
I have tried everything that I can think of to find how TT came up with 0.79%, but I cannot come to that number (or even close) with any calculation of numbers that I found on my return. Shouldn't it just be a simple calculation of total tax and AGI?
