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Calculating taxes generally involves determining your taxable income and applying the appropriate tax rates according to the tax code.
Those who earn above a certain income threshold, self-employed individuals, and certain other categories of taxpayers are generally required to file taxes.
You fill out tax forms by reporting your income, deductions, and credits accurately according to the guidelines provided by the tax authority.
The purpose of calculating taxes is to determine the amount owed to the government for funding public services and infrastructure.
You must report your total income, any deductions, credits, and other pertinent financial information as required by the tax forms.
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