I don't understand the math being used here by Turbo Tax:
line 42 has value 1201.00
line 43 has value 100%
line 44 has value 1197.00
Last I checked, 100% of x is x, so why is line 44 not 1201.00?
PART 2: PROPERTY TAX CREDIT CALCULATION All filers must complete this section.
42. Enter amount from line 38, 39 or 41, or from Worksheet 4 (see instructions) for FIP/MDHHS
recipients.............................................................................................................................................. 42. 00
43. Percentage from Table B (see instructions) that applies to the amount
on line 33................................................................................................. 43. %
44. PROPERTY TAX CREDIT. Multiply amount on line 42 by percentage on line 43. Enter amount here
and if you file an MI-1040, carry this amount to MI-1040, line 25......................................................... 44. 00
