To calculate your effective tax rate, you need two numbers: the total amount you paid in taxes and your taxable income for ...

In a perfect world, the income you receive would be all yours to keep. However, the tax man is on his way and any dollar you earn is subject to a tax bill. But what is taxable income? Is it ...

Divide taxes paid by net profit to calculate the effective tax rate percentage. In the example, $35,000 divided by $100,000 equals an effective tax rate of 0.35 or 35 percent.

What Counts as Taxable Income? So, what is taxable income? All income is taxable unless the tax code contains a specific provision that exempts it or allows it to be offset by deductions.

Depending on the type of IRA account you own, when you made your withdrawal, and whether or not your contributions were deductible, the taxable amount of an IRA withdrawal can vary significantly.

How to Calculate Taxable Vs. Non-Taxable Interest. If your company has extra funds that you are not yet ready to put to work, you may consider investing them in a taxable account, such as a ...