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CA state taxable income and tax liability discrepancy?

In TT2018 premier, my CA state taxable income is $104,471 but the tax liability is $2,595 and total payment+credit is $11,395. We are MFJ with 4 dep. Is this correct? I thought it should be higher? Isn't taxable income already after deductions and exemptions? 

I have attached the screenshots of federal and CA state details in TT2018.

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1 Reply
TerryA
Intuit Alumni

CA state taxable income and tax liability discrepancy?

That Calif "Total tax" amount is probably the computed tax less nonrefundable credits such as Child and Depended Care Expenses Credit, plus many possible other ones. I think it's showing you Form 540 line 64. You should look at Form 540 for the real scoop.

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