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STATE OF MICHIGAN JOHN ANGLER, Governor DEPARTMENT OF TREASURY BUILDING, P.O. BOX 1528, LANSING, MICHIGAN 48901 DOUGLAS B. ROBERTS, State Treasurer REVENUE ADMINISTRATIVE BULLETIN 1998-3 Approved:
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What is income tax - computing?
Income tax computing refers to the process of calculating the amount of tax owed by an individual or business based on their income and deductions.
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Individuals and businesses with income above a certain threshold are required to file income tax returns.
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To fill out income tax returns, individuals and businesses need to provide information on their income, deductions, credits, and any other relevant financial details.
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The purpose of income tax is to generate revenue for the government to fund public services and programs.
What information must be reported on income tax - computing?
Information such as income from various sources, deductions, credits, and any other relevant financial details must be reported on income tax returns.
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