Determining Tax Liability before
Tax Credit
n Use the tax table or the tax schedule to figure out tax
liability before tax credit.
n Tables calculate the numbers for you. Schedules give
you the formula. They are consistent with each other.
n Which table to use depends on your filing status.
n Income ranges given in the schedules are called
“income brackets”.
n There are four tax rate schedules. Two are shown on
the next two slides.