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Effective Tax Rate Calculator 1. 2. 3. 4. 5. 6.

Taxable income (1040, Line 37; 1040EZ, Line 6): Income tax less credits (1040, Line 55; 1040EZ, Line 10): Self-employment tax (1040, Line 56; not on 1040EZ): Social Security and Medicare taxes paid -- add the amounts on Lines 4 and 6 of all your W-2 forms. If not av Add the amounts on lines 2, 3 and 4: Divide the amount on line 5 by the amount on line 1 and multiply by 100 to get percentage:

1 2 3 4

Federal Tax Taxable Income Income Less Credits Self Employment Tax Spouse 1 SS Spouse 1 Medicare Spouse 2 SS Spouse 2 Medicare Total

5 6

$75,000.00 $5,000.00 $2,000.00 $2,000.00 $800.00 $1,000.00 $250.00 $4,050.00 $11,050.00 14.73% Effective Federal Tax Rate

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Total Effective Tax Rate

18.46%

nd 6 of all your W-2 forms. If not available, multiply the first $106,800 of wages (1040, Line 1; 1040EZ, Line 1) by 0.0665 to get percentage:

Taxable Income Income Tax State Effective Rate

State Tax $67,000.00 $2,500.00 3.73%

Line 16 of MI 1040 Line 17 of MI 1040

1; 1040EZ, Line 1) by 0.0665 (for 2011 only) or 0.0765 (for 2010 and prior years):