Do you owe self-employment tax? Go back through your tax return and double-check all of your entries. The blended tax rate is: Tax Liability / Taxable Income - it is not used in the tax return. Preview your Form 1040 and check these lines:
Line 15 - Taxable Income
Line 24 - Total Tax
Line 25 - Withholdings
Line 33 - Payments including Credits
Line 34 - Overpayments
Line 37 - Tax owed
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