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 ...

Before becoming an editor and content strategist, she was NerdWallet's authority on taxes and small business. Her work has appeared in a variety of local and national outlets. See full bio.