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?
How does Turbotax calculate the average tax rate displayed in the graphical summary page?
I spent 30 minutes trying to navigate through the obtuse voice recognition / routing system to finally reach an in-person agent who didn't have any answer, then got put on hold, and after waiting through 10 minutes of muzak, I finally got the response that no one more knowledgeable was available, and to "have a wonderful day".
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