What is a Tax Schedule?
A tax schedule can refer to several different things. It can first refer to scales published by the Internal Revenue Service (IRS), which can help you determine your total tax amount. These are useful if you earn in excess of $100,000 US Dollars (USD) per year. They help you determine tax amount by helping you understand what percentage of your income is owed based on your taxable income. This is in contrast to a tax table, used by most people making less the $100,000 USD, where you can look at your taxable income and derive exact tax owed based on the amount you make. More often, though, the tax schedule is many other forms that you may file in conjunction with your yearly filing of taxes. There are numbers of schedules that you might need to file depending upon your circumstances. In the US, for instance, a person who is self-employed must file a tax schedule called Schedule C which helps determines your profit or loss if you run a business, and a Schedule SE, which allows you to fig
