How do I calculate my tax liability?

Your tax liability is the amount of money you owe in taxes to the state of California. To calculate your tax liability, you need to know your total taxable income, the current tax rate for the state, and any deductions you may be eligible for. First, you must calculate your total taxable income. This includes wages, salaries, self-employment income, capital gains, and other forms of income. Second, you must calculate the current tax rate for the state. This will be different depending on whether you file as an individual or a business, and any other factors that may apply. Finally, you can subtract any deductions you may be eligible for, such as charitable donations or educational expenses. Once you have all the information, you can calculate your total tax liability by multiplying your total taxable income by the current tax rate.

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