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This finance video explains how to calculate the amount you owe in federal income taxes. It also explains how to calculate the amount of fica taxes or social security and medicare taxes that you need to pay if you're self-employed. In addition, it discusses how to calculate the amount of state income taxes that are due. Finally, this video discusses the impact of tax credits vs tax deductions on your tax bill. It also mentions how to calculate your effective tax rate. My Website: https://www.video-tutor.net Patreon Donations: / mathsciencetutor Amazon Store: https://www.amazon.com/shop/theorgani... Subscribe: / @theorganicchemistrytutor Disclaimer: Some of the links associated with this video may generate affiliate commissions on my behalf. As an amazon associate, I earn from qualifying purchases that you may make through such affiliate links.