Trudy's AGI last year was $200,000. Her Federal income tax came to $65,000, which she paid through
Question:
a. Ignore the annualized income method. Compute Trudy's quarterly estimated tax payment schedule for this year.
b. Assume instead that Trudy's AGI last year was $100,000 and resulted in a Federal income tax of $20,000. Determine her quarterly estimated tax payment schedule for this year.
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a CurrentYear Method Firstquarter payment 45000 tax 4 payments 90 required 10125 Secondquarter payme...View the full answer
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Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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