Additional revenue comes from business and corporate taxes, excise taxes ... For example, using the formula above, we can calculate a person's tax liability. Say Preetha, a student, earned ...

Janet Berry-Johnson is a CPA with 10 years of experience in public accounting and writes about income taxes and small business accounting. Vikki Velasquez is a researcher and writer who has ...

Tina Orem is an editor at NerdWallet. Before becoming an editor, she was NerdWallet's authority on taxes and small business. Her work has appeared in a variety of local and national outlets.