Western403
Returning Member

How does Turbotax calculate the average tax rate displayed in the graphical summary page?

On the Summary Graphical page, when I divide the Taxable Income by the Tax Payable, I get an average tax rate which is consistently higher by a few percent than the Average Tax rate listed below on the summary graphical page.

 

I have checked and found this apparent discrepancy in various tax returns and in various tax years (2023,2022, 2021). Is this an error or what am I missing in the calculation?