Your adjusted gross income is more complicated because self-employed individuals receive certain income tax deductions not available to standard employees. Your adjusted gross income equals your total ...

Learn what Net Income After Taxes (NIAT) means, how it's calculated, and see examples to understand this key financial metric ...

Your tax ratio – also called a tax rate – determines the amount of personal income tax you pay each year. Information you give your employer determines how much comes out each pay period. Information ...

The difference between your effective tax rate and your marginal tax rate -- and how they are both calculated -- are questions that many people have come tax time. With tax season well underway, it's ...

Your marginal tax rate is the highest tax rate you’ll pay on your income, based on your federal income tax bracket. Learn more about this tax rate. When thinking about federal income taxes, many ...

In a perfect world, the income you receive would be all yours to keep. However, the tax man is on his way and any dollar you earn is subject to a tax bill. But what is taxable income? Is it everything ...

The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

What Is Retirement Income Tax? Retirement income tax refers to the portion of an individual's income that is subject to ...

Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your effective tax rate each year to help you make adjustments to your ...