JohnnyC99
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I was able to duplicate TurboTax'sEffective Tax Rate (ETR) using the following formula:ETR = (Total Tax - Other taxes including self-employment tax) ÷ AGIWhy it...
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- Posted Re: Please explain how the "effective tax rate" on the Turbo Tax federal return summary is calcul... on Get your taxes done using TurboTax. December 29, 2022 9:00 AM