Hello,
Is this how you calculate a tax return?
1) Gross Income: (Eg: $65,000)
2) Add Rental Income: (Eg: $1,960 - 8 wks)
Add 1) & 2) = 3) Total Gross Income: $66,960
4) Total Tax Payable on 3) Total Gross Income: (Eg: $15,692)
5) Total Work Deductions: (Eg: $6,250)
6) Total...