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The bottom of the analysis includes Total Tax (Net of Refundable Credits), FICA (with and without total tax) and Effective Tax on adding an additional $1,000 in income.
Total Tax (Net of Refundable Credits) - Represents the client's total tax liability after reducing it by any applicable refundable credits.
FICA (Federal Insurance Contributions Act) - Represents the portion of the client's W2 income deducted to cover contributions to Medicare and Social Security. More information on how to make this value populate can be found in this article here.
Tax Plus FICA - The combined total of total taxes plus FICA.
Effective Tax on Next $1,000 Ordinary Income/Capital Gains - Unlike the marginal bracket for ordinary income, the effective rate is calculated as the incremental amount of tax divided by $1,000 for the two different types of income. Because the addition of income may result in the phase out, phase in, or elimination of deductions, credits and other taxes, the effective rate may differ significantly from the anticipated marginal rate. This is best illustrated by looking at the Range Calc screens.
You can click on the question mark icons (?) for more detail on what these figures mean and to review the math behind the numbers. Note that these fields only contain information for scenarios generated in Scenario Analysis, and not from any scenarios based directly on the uploaded return.