Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

CA 540 Tax Rate Schedule Calculation error

KHS2
Level 1

Where do I find/prove the CA 540 Tax Rate Schedule is calculating properly.  Manual calculation does not agree with ProSeries calc.

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
George4Tacks
Level 15

Most amounts are from the table, not from calculation. 

https://www.ftb.ca.gov/file/personal/tax-calculator-tables-rates.asp

 


Here's wishing you many Happy Returns
0 Cheers
KHS2
Level 1

Statement at the end of the Tables - "OVER $100,000 YOU MUST COMPUTE YOUR
TAX USING THE TAX RATE SCHEDULES"  When I use the Calculator via the link you provided it calculates the same as ProSeries, however when I use the Tax Rate Schedule I calculate a lower tax amount.  Thanks for your assistance.

0 Cheers