In January, Ms. Northcut projects that her employer will withhold $25,000 from her 2020 salary. However, she
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In January, Ms. Northcut projects that her employer will withhold $25,000 from her 2020 salary. However, she has income from several other sources and must make quarterly estimated tax payments. Compute the quarterly payments that result in a 2020 safe-harbor estimate assuming that:
a. Her 2019 AGI is $176,000, and her tax is $47,200.
b. Her 2019 AGI is $139,000, and her tax is $36,800.
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Related Book For
Principles Of Taxation For Business And Investment Planning 2020
ISBN: 9781259969546
23rd Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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